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Full text of "Twenty Third Massachusetts Life Insurance Report, 1878"

State Library 



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PUBLIC DOCUMENT No. 9. 



TWENTY-THIRD 



ANNUAL REPORT 



OF THE 



Insurance Commissioner 



OF THE 



(Hommonroealtf) of itlaB0acl)iiB£tt0, 



January 1, 187 8. 



Part II. 

Life, Casualty, and Accident Insurance. 



BOSTON: 

ftanti, &berg, $c Co., ^rwter* to tfje Ccmmonfoealtjj, 

117 Franklin Street. 
1878. 



I <-> I 



ft 



TABLE OF CONTENTS. 



[For Index to Companies, see end of Volume.] 



COMMISSIONER'S REPORT. 

Page. 

Introductory, v 

Companies withdrawn, v 

Business op 1877, vi 

Statistical Tables, Summary of Contents of, ix 

Table A — Summary of Income, Expenditures, Assets, Liabilities, 

&c, x 

Table B — Ratio of Net Assets to Computed Premium Reserve, . xiii 

Table C — Ratio of Premium Notes and Loans to Premium Reserve, xv 
Table D — Ratio of Real Estate and other Investments to Gross 

Assets, xvii 

Table E — Policies Issued, Terminated, and Gained in 1877, . . xx 

Table F — Claims by Death in 1877, with Ratios, &c, . . . xxiii 

Table G — Ratio of Expenses to Mean Amount Insured, . . . xxvi 

Table H — Massachusetts Business, 1877, xxix 

Charter-Oak Life Insurance Company, v 

Globe Life Insurance Company, v 

Knickerbocker Life Insurance Company, v 

Examination of Home Companies, vii 

Mortality Experience, vii 

Casualty Companies, viii 

DETAILED STATEMENTS. 

Massachusetts Life Insurance Companies, 2-25 

Life Insurance Companies of Other States, 28-130 

Accident and Casualty Insurance Companies of Other States, 132-144 
Life and Accident Companies of Other States, with Amount of 

Business done by Each, 146-152 

List of Agents and Sub-Agents authorized to act for Life and 

Accident Companies, 154-158 



TWENTY-THIRD ANNUAL REPORT 



OF THE 



INSURANCE COMMISSIONER. 



PART II. 

LIFE, CASUALTY, AND ACCIDENT INSURANCE. 



To the Honorable the Senate and the House of Representatives. 

The Insurance Commissioner respectfully presents here- 
with the second part of the Twenty-Third Annual Report of 
the Department under his charge. 

This volume contains the statements in detail of all the 
life, casualty, and accident insurance companies transacting 
business in this State, and a list of the agents of such com- 
panies ; also, an abstract of the business transacted by them 
for the year ending Oct. 31, 1877, as returned to the Tax 
Commissioner. 

Since the publication of the last Report, three life insur- 
ance companies have ceased transacting new business in this 
State; viz., the Charter Oak, Globe, and Knickerbocker. 
Policy-holders in the first-named company, and the public 
generally, have, by circulars issued by the company and com- 
munications to the daily press, been so fully informed as to 
the situation of its affairs, that little of interest can be said 
in relation thereto. The company is in the hands of ener- 
getic, reliable men, and holders of its policies may rest 
assured that their interests will be protected and promoted 
to the utmost possible extent. , 

The results of the examination of the Globe and Knicker- 
bocker by the Insurance Department of New York showed 
that although commercially solvent, and amply able to com- 
ply with the laws of their own State, they are somewhat 



vi REPORT OF THE 

below the high standard adopted by this State ; and, in con- 
sequence, they were notified to cease transacting new busi- 
ness in Massachusetts until the deficiency in the reserve by 
our standard has been restored. 

Business in 1877. 

Following the text may be found the usual Statistical 
Tables. 

Table A exhibits the income, expenditures, assets, liabili- 
ties, and balances, Dec. 31, 1877, of the several life insur- 
ance companies now doing business in this State. The 
financial condition of these companies, as shown by this 
table, is highly satisfactory. Most of them have been care- 
fully examined during the year, and especial care has been 
taken in the revaluation of their property. In many in- 
stances the reductions were large ; yet, notwithstanding this, 
the companies here enumerated have added 810,946,996 to 
their assets during the year. The increase of liabilities is 69,- 
058,986. The ratio of assets to liabilities has increased from 
110.19 in 1876 to 111.10 in 1877. This table shows conclu- 
sively that there is in these depressed times at least one 
bright side to the business of life insurance. 

Table B gives the ratio of net assets to computed premium 
reserve, with same ratios for 1875 and 1876 for comparison. 

Table C gives the ratio of premium notes to premium re- 
serve, and shows by corresponding ratios for a term of years 
the progress of the companies towards a cash business. 

Table D classifies the assets and shows the ratio of each 
group to the gross assets. 

Table E gives the policies issued, terminated, and gained 
or lost, in 1877, with the number and amount in force Dec. 31. 
A few of the companies show a slight gain; but the aggre- 
gate loss is very heavy, being in number of policies 21,000, 
and amount of insurance $79,504,393, which is about five per 
cent of the whole sum insured. 

Table F gives the claims by death during the }~ear, with 
ratios for five years of losses to mean amount insured. This 
table shows that the mortality for the year has been favor- 
able, the ratio of losses to mean amount insured being some- 
what less than in 1876. 

Table G gives the ratio of expenses to mean amount in- 



INSURANCE COMMISSIONER. vii 

sured, with corresponding ratios for a term of years. This 
ratio for the year is the same as in 1876. 

Table H exhibits the new business of the year in this 
State, with the business of 1876 for comparison. 

Home Companies. 

Since the publication of the last Report, all the life insur- 
ance companies of this State, except the Massachusetts Hos- 
pital, have been thoroughly examined. The results of these 
examinations, which were satisfactory in every instance, have 
been so widely disseminated by the companies that it is not 
considered necessary to incorporate them into this Report. 
Suffice it to say, that they demonstrated, beyond question, 
the entire solvency of the companies, and showed conclu- 
sively that confidence in them has not been misplaced. 

Statistics of Mortality. 

A very important question in connection with the business 
of life insurance — perhaps the most important at the present 
time — relates to the effect of withdrawals upon the antici- 
pated ratio of mortality. Is there a selection against the 
companies all the time going on which is not counterbalanced 
by the infusion of new lives, and which will in the end pro- 
duce disastrous results? This is a question which cannot be 
answered at once ; but in order to ascertain what effect, if 
any, has yet been produced by this cause, as much time as 
possible was given by the Department to the preparation of 
mortuary statistics for the year 1876. During the year the 
experience of eight companies was tabulated. To eliminate 
the advantages of medical selection, no policies were used 
which were less than six years old. The whole number of 
years of life exposed was 167,315, with the following re- 
sults : — 

Co. No. 1, 81 per cent of the expectation by the Actuaries' Table. 



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viii REPORT. 

The companies enumerated in the preceding table are the 
jEtna, Equitable, Connecticut Mutual, New England, North- 
western, New York Life, Penn, and Phoenix ; but they are 
not tabulated in the order here named. The mortality in the 
Mutual Life and Mutual Benefit has also been carefully 
compiled by these companies, and their experience is found 
to be about the same as the average of the above. From 
these results it appears that the selection against the com- 
panies, if any, has not thus far had any disturbing effect. 
Of course the experience of a limited number of companies 
for a single year cannot be accepted as conclusive ; but it 
shows that there is no immediate danger from this cause. 

The statements of the casualty companies, which have 
heretofore appeared in vol. i., are this year incorporated in 
vol. ii., and this will be the arrangement hereafter. The 
object of this change is to diminish the size of the fire and 
marine report, which has become so large as to be cumber- 
some ; but it was not decided upon until after a portion of 
vol. i. was in print ; consequently the statement of the 
Mutual Boiler Insurance Company of Boston will be found 
in vol. i. of the present year, but will hereafter appear with 
the other casualty companies in vol. ii. 

Respectfully submitted. 

S. H. RHODES, 

Insurance Commissioner, 



STATISTICAL TABULATIONS. 



REPORT OF THE 



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INSURANCE COMMISSIONER. 



XI 11 



Table B. — Ratio of Net Assets to Computed Premium Reserve, 

Dec. 31 , 1877. 



"V v "\nr t~\\? /^A^fp t x*"v 


Net Assets or Ac- 
tual Premium 
Reserve. 


Xet Present Val. 
of Policies or 
Computed Pre- 
mium Reserve. 


Ratio in 
1877. 


Corresp'g 


Ratios. 


JNAAUi Or LUAllAr»x. 


1876. 


1875. 


Massachusetts Cos. 












Berkshire, 


$3,243,653 


$2,909,234 


111.50 


111.29 


110.92 


John Hancock, 


2,759,323 


2,514,634 


109.73 


109.51 


106.06 


Mass. Mutual, 


6,072,661 


5,654,481 


107.40 


112.33 


110.89 


X. England Mutual, 


14,603,188 


12,553,850 


116.32 


113.45 


112.29 


State Mutual, . 


2,209,456 


1,823,502 


121.17 


118.26 


114.94 


Totals, 


$28,888,281 


$25,455,701 


113.48 


112.90 


111.38 


Cos. of Othbr States. 












iEtna, 


$23,456,712 


$20,657,296 


113.55 


112.25 


110.44 


Conn. General, 


1,276,927 


1,001,436 


127.51 


124.19 


129.09 


Conn. Mutual, 


46,021,721 


42,365,480 


108.63 


109.81 


110.20 


Continental, . 


2,962,405 


2,896,705 


102.27 


103.41 


106.95 


Equitable, 


32,290,637 


28,658,289 


112.67 


109.29 


108.52 


Gerrnania, 


7,884,146 


7,341,872 


107 38 


108.65 


106.09 


Hartford L. and A. , 


953,153 


628,039 


151.77 


155.37 


153.53 


Home, . 


4,758,168 


3,863,326 


123.16 


116.23 


113.92 


Homoeopathic, 


658,848 


654,726 


100.63 


109.01 


110.73 


Manhattan, 


9,694,263 


8,331,825 


116.35 


115.54 


116.91 


Metropolitan, . 


1,922,308 


1,719,541 


111.79 


103.61 


105.67 


Mutual, . 


83,899,324 


78,555,100 


106 80 


106.66 


106.26 


Mutual Benefit, 


33,583,491 


30,084,187 


111.63 


111.48 


109.41 


National, Vermont, 


1,993,845 


1,346,591 


148.06 


150.37 


144.93 


National of the U. S. 


3,794,587 


3,380,154 


112.26 


117.35 


120.21 


New York, 


34,309,222 


30,331,225 


113.12 


113.73 


113.52 


Northwestern Mut., 


17,856,884 


15,231,058 


117.25 


116.98 


116.97 


Penn Mutual, 


6,100,300 


5,249,647 


116.21 


116.88 


117.81 



XIV 



REPORT OF THE 



Table B. — Ratio of Net Assets, &o. — Concluded. 





Net Assets or Ac- 
tual Premium 
Reserve. 


Net Present Val. 
of Policies or 


Ratio in 


Cobresi > 'g Ratios. 


NA-ur. (Jc (J0311 A.N 1 . 


Computed Pre- 
mium Reserve. 


1877. 


187G. 187.1. 


Phoenix Mutual, 


$10,524,087 


$10,318,088 


102.00 


101.35 


100.75 


Provident L. and T., 


3,895,316 


3,115,642 125.03 


127.52 


131.44 


Provident Savings, . 


107,600 


30,313 


354.96 


346.29 


- 


Travelers', 


4,000,092 


2,761,101 


144.87 


147.02 


150.30 


Union Mutual, 


7,575,371 


7,538,019 


100.50 


101.31 


115.96 


United States, 


4,684,108 


4,294,577 


109.07 


113.12 


112.39 


Vermont, 


193,200 


91,050 


212.19 


221.1S 249.26 


Washington, . 


5,308,282 


4,695,975 


113.04 


111.55 110.28 


Totals, 


6349,704,997 


6315,141,262 


110^97 


110.04 


Grand Totals. 


^378,593,178 


6340,596,963 


111.10 


110. 4 



INSURANCE COMMISSIONER. 



xv 



Table C. — Ratio of Premium Notes and Loans to Computed Pre- 
mium Reserve, Dec. 31, 1877. 







Ratio to 


Corresponding Ratios. 


NAME OF COMPANY. 


Premium Notes 
and Loans. 


Reserve 

in 
1877. 


1876. 


1875. 


1874. 


1873. 


1872. 


Massachusetts Cos. 
















Berkshire, . 


$187,667 


6.45 


6.79 


7.48 


7.90 


8.79 


9.84 


John Hancock, . 


303,404 


12.06 


13.53 


14.69 


15.17 


19.50 


22.04 


Mass. Mutual, 


810,960 


14.34 


16.14 


18.54 


20.24 


22.33 


23.92 


N. England Mut. , 


1,628,485 


12.97 


14.58 


16.78 


18.47 


20.72 


22.68 


State Mutual, 


20,915 


1.15 


1.32 


1.54 


3.95 


3.34 


2.93 


Totals, 


$2,951,431 


11.59 


13.02 


16.02 


16.39 


18.55 


20.29 


Cos. of Other States. 
















iEtna, . 


$3,318,064 


16.06 


18.64 


21.95 


25.70 


30.35 


35.53 


Connecticut Gen., 


136,452 


13.64 


14.24 


15.28 


16.66 


19.41 


20.98 


Connecticut Mut. , 


5,605,486 


13.23 


15.40 


17.49 


20.12 


24.79 


30.22 


Continental, 


980,841 


33.86 


34.37 


37.20 


41.75 


45.29 


59.65 


Equitable, . 


- 


- 


- 


- 


- 


- 


- 


Germania, . 


- 


- 


- 


- 


- 


- 


- 


Hartford L. & A., 


- 


- 


- 


- 


- 


- 


- 


Home, . 


960,471 


24.86 


26.67 


28.11 


29.16 


30.49 


32.66 


Homoeopathic, 


- 


- 


- 


- 


- 


- 


- 


Manhattan . 


1,839,319 


22.07 


24.02 


26.67 


29.04 


31.68 


32.94 


Metropolitan, 


311,510 


18.11 


18.16 


20.52 


27.32 


25.63 


25.64 


Mutual, 


- 


- 


- 


- 


- 


- 


- 


Mutual Benefit, . 


5,310,179 


17.66 


19.45 


21.04 


26.77 


29.01 


31.07 


Nation ' 1 , Vermont , 


26,108 


1.94 


2.17 


2.57 


3.38 


3.96 


4.54 


Nat'l of the U. S. 


49,135 


1.45 


1.61 


2.00 


2.38 


2.77 


0.10 


New York, . 


695,235 


2.29 


2.72 


3.34 


3.75 


4.37 


5.00 


North west'n Mut. , 


3,262,958 


21.43 


25.22 


28.74 


32.14 


35.79 39.66 



XVI 



REPORT OF THE 



Table C. — Ratio of Premium Notes and Loans 


, &c — 


-Concluded. 




Premium Notes 
and Loans. 


Ratio to 
Reserve 

in 
1877. 


COBBESPONDING RATIOS. 


NAME OF COMPANY. 


1876. 


1875. 


1874. 


1873. 1872. 


Penu Mutual, 


$710,559 


13.54 


14.67 


15.66 


16.64 


17.29 21.27 


Phoenix Mutual, . 


2,646,819 


25.65 


29.01 


33.77 


38.21 


42.66 


48.67 


Provident L.&T., 


88,718 


2.85 


3.51 


4.43 


5.58 


6.72 


8.53 


Provident Savings, 


922 


3.04 


1.00 


- 


- 


- 


- 


Travelers', . 


- 


- 


- 


- 


- 


- 


- 


Union Mutual, 


1,518,195 


20.14 


24.34 


28.41 


30.77 


33.79 


36.38 


United States, 


136,355 


3.18 


3.78 


4.49 


5.43 


6.66 




Vermont, 


6,385 


7.01 


10.47 


9.6.0 


11.87 


- 


- 


"Washington, 


- 


- 


- 


- 


- 


- 


- 


Totals, 


$27,603,711 


8.76 


- 


- 


- 


- 


- 


Grand Totals, . 


$30,555,142 


8.97 


- 


- 




- 


- 



INSURANCE COMMISSIONER. 



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t- 


CO 


rH 


xo 


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CO 


co 


CO 


00 


CO 


b-; 


co 


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lO 


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rH 


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co 


CN 


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xd 


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CN 


CO 


CO 


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CO 


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KEPORT OF THE 



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"-3 






INSURANCE COMMISSIONER. xxi 



CO 


lO 


CO 


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o 


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rH 


1— 1 


io 


CM 


CO 


t^ 


t*- 


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CO 


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rH 


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CO 


CO 


CO 


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b- 


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CO 


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CO 


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CI 


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CO 


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co 


co" 


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rH 


CO 


t- 


CO 


l^ 


CM 


i-^ 


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o 

CO 


CO 


1—1 


CO 


CO 


cs 


co 


CO 


o 


rH 


o 


cs 


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CO 


CO 


CM 


b- 


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lO 


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cs 


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CO 




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co 


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cs 


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CO 


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INSURANCE COMMISSIONER. 



XXIX 



Table H 


. — Massachusetts Business. 






Policies Issued, 1877. 


Policies Issued, 1876. 


NAME OF COMPANY. 










» 


Number. 


Amount. 


Number. 


Amount. 


Mass. Companies. 










Berkshire, 


116 


$166,033 


115 


$185,891 


John Hancock, 


233 


572,327 


160 


234,575 


Massachusetts Mutual, . 


318 


721,041 


321 


891,867 


New-England Mutual, . 


298 


884,416 


299 


734,829 


State Mutual, . 


98 


202,500 


123 


236,000 


Totals, 


1,063 


$2,546,317 


1,018 


$2,283,162 


Cos. of Other States. 










iEtna, .... 


216 


$267,147 


295 


$464,569 


Connecticut General, 


71 


73,615 


86 


125,401 


Connecticut Mutual, 


240 


673,845 


212 


701,200 


Continental, . 


86 


99,420 


89 


148,075 


Equitable, 


335 


1,205,055 


393 


1,316,770 


Germania, 


1 


512 


9 


7,944 


Hartford Life and Ann'y, 


34 


59,149 


34 


46,421 


Home, .... 


11 


19,266 


3 


9,500 


Homoeopathic, 


107 


217,054 


100 


200,324 


Manhattan, 


34 


92,111 


68 


262,836 


Metropolitan, . 


41 


40,269 


104 


114,653 


Mutual, .... 


506 


1,202,030 


558 


1,290,295 


Mutual Benefit, 


148 


350,340 


158 


500,075 


National, Vermont, 


98 


321,500 


123 


397,000 


National of United States, 


166 


244,167 


26 


27,515 


New York, 


211 


540,075 


229 


645,890 


Northwestern Mutual, 


106 


329,147 


100 


408,058 



xxx REPORT OF THE INSURANCE COM'R. 



Table H. — Massachusetts Business — Concluded. 





Policies Issued, 1877. 


Policies Issued, 1876. 


NAME OF COMPANY. 


Number. 


Amount. 


Number. 


Amount. 


Penn Mutual, . 
Phoenix Mutual, 
Provident Life and Trust, 
Provident Savings, . 
Travelers', 
Union Mutual, 
United States, 
Vermont, 
Washington, . 


43 

154 

62 

71 

83 

793 

133 

133 

83 


$72,500 
171,140 
109,060 
168,000 
102,979 
1,095,526 
243,810 
366,800 
190,350 


20 

241 

67 

84 

118 

766 

182 

20 

52 


831,000 
261,125 
148,000 
138,750 
200,984 
1,294,200 
312,320 
40,000 
134,085 


Totals, . 
Grand Totals, . 


3,966 
5,029 


$8,254,867 
$10,801,184 


4,841 
5,859 


$10,557,982 
$12,841,144 



MASSACHUSETTS 

LIFE INSURANCE COMPANIES. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

December 31, 1877. 



MASSACHUSETTS LIFE [Dec. 31, 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



BERKSHIRE LIFE INSURANCE COMPANY OF PITTSFIELD. 

[Incorporated May, 1851. Commenced business September, 1851.] 

Paid-up Capital, $25,500. 

President, Edward Boltwood.* Vice-President, James M. Barker. 

Secretary and Treasurer, James W. Hull. 

Income. 

Total premium income, 8415,749 12 

Cash received for interest on stocks, bonds, and loans, . 175,434 79 

for interest on other debts due the company, . 6,485 20 

as discount on claims paid in advance, . . 1,517 61 

for rents of company's property, . . . 7,647 69 



Total income, 8606,834 41 

Net or ledger assets, Dec. 31, 1876, 3,126,209 52 



Total, .733,043 93 

Disbursements. 

Cash paid for losses and additions, §91,640 46 

Premium notes or loans used in payment of same, . . 2,129 54 

Cash paid for matured endowments and additions, . . 99,090 34 

Premium notes or loans used in payment of same, . . 7,770 66 



Gross amount paid for losses and endowments, . . $200,631 00 

Cash paid for surrendered policies, 29,894 98 

Premium notes or loans used in purchase of surrendered pol- 
icies, and voided by lapse, 18,394 68 

Cash surrender values, including re-converted additions ap- 
plied in payment of premiums, 49,373 42 

Cash dividends paid policy-holders, 818,765.09; applied in 

payment of premiums, $76,647.47, 95,412 56 

Premium notes or loans used in payment of dividends, . 20 7S 

Total paid policy-holders, 5401,927 42 

* Since deceased; now William R. Plunkett. 



1877.] 



INSURANCE COMPANIES. 



Cash paid for dividends to stockholders, 
for commissions to agents, 
for salaries and travelling expenses of agents, 
for medical examiners' fees, 
for salaries of officers and office employes, . 
for taxes and fees, ..... 

for rent, . 

on suspense account, ..... 

for advertising, 

for incidental expenses, .... 

Total disbursements, 



Balance, 

Invested in the following: — 

Assets as per Ledger Accounts 
Cost value of real estate, ..... 
Loans on mortgage of real estate (first liens), 
Loans on collateral security (schedule A), . 
Premium notes or loans on policies in force, 
Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, 

Agents' ledger balances, 

Office furniture, $3,000; rents accrued, $533.10, . 
Personal loans, 250 ; fuel account, 237.86,. 



. $1,785 00 


28,151 45 


8,939 76 


1,565 00 


. 15,443 30 


4,896 03 


5,225 98 


1,733 00 


3,095 77 


. 11,785 40 


. $484,548 11 



$3,248,495 82 



$265,652 10 

1,809,282 27 

54,810 00 

187,667 22 

832,207 80 

356 75 

75,650 51 

18,848 21 

} 4,020 96 



Ledger assets (as per balance), 
Deduct depreciation from cost of assets, 


$24,4 
27,6 


$3 
S3 

02 24 

77 88 


,248,495 82 
61,950 15 


Total net or ledger assets, 

Other Assets. 
Interest due and accrued, .... 
Uncollected premiums on policies in force, . 
Deferred premiums on policies in force, 


,1S6,545 67 
65,378 75 


Total, 

Deduct loading (10 per cent), 


$52,080 12 
5,208 01 


46,872 11 




$3,0 

18,8 
2 
2 




Total assets per company's books, 

Items not Admitted 
Furniture and fixtures, .... 

Agents' balances, ..... 

Loans on personal security, .... 

Fuel account, ...... 

Total 


$3,298,796 53 

00 00 
48 21 
50 00 
37 86 

OO 99C AT 








■*««JW># \JI 



Total admitted assets, 



$3,276,460 46 



4 MASSACHUSETTS LIFE [Dec. 31, 

Liabilities. 

Computed prem. reserve or net present value 

of all outstand'g policies (actuaries' 4 p. ct.), $2,923,171 00 
Deduct net value of re-insured risks, . . . 13,937 00 

Net re-insurance reserve, 
Death losses and matured endowments in process 
of adjustment, ...... 

Claims resisted by the company, . 

Total policy claims, .... 
Unpaid dividends of surplus due policy-holders, 
Premiums paid in advance, .... 
Ledger accounts, 



Liabilities as to policy-holders, 
Surplus as regards policy-holders, 

Gross liabilities, . 



$2,909,234 00 



$8,997 34 

10,000 00 

18,997 34 

7,529 48 

5,952 88 

327 17 



$2,942,040 87 
. 334,419 59 

$3,276,460 46 



Premium Note Account. 
Premium notes on hand Dec. 31, 1876, . $193,738 44 
Premium notes or loans received during 1877, "42,775 09 

Total, $236,513 53 

Used in payment of losses and claims, . . . $9,900 20 
Used in payment of surrendered policies, and 

voided by lapse, 18,394 68 

Used in payment of dividends to policy-holders, . 8,220 78 
Redeemed by maker in cash, .... 12,330 65 

Total, 48,846 31 



Balance note assets, Dec. 31, 1877, .... $187,667 22 

Exhibit of Policies. 

Policies and Additions in force Dec. 31, 1876. 

Whole-life policies, 

Endowment policies, 

All other policies, ...... 

Reversionary additions, 

New Policies issued in 1877. 

Whole-life policies, 

Endowment policies, . . 

Old Policies revived during the Year. 

Whole-life policies, 

Endowment policies, 

All other policies, 

Additions by dividends, .... 

Total number and amount, .... 6,575 $14,564,906 00 



Number. 


Amount. 


2,852 


$6,737,604 00 


1,835 


3,730,161 00 


844 


1,804,050 00 


- 


59,200 00 


293 


583,366 00 


185 


247,764 00 


Zear. 
37 


97,000 00 


16 


41,500 00 


513 


1,256,050 00 


- 


8,211 00 



1877.] 



INSURANCE COMPANIES. 



Policies ceased to be in force during the Year. 




Number. 


Amount. 


Terminated by death, 41 


$63,645 00 


by maturity, 69 


105,816 00 


by expiry, 342 


888,520 00 


by surrender, 116 


344,440 00 


by lapse, 513 


1,256,050 00 


by transfer, 37 


97,000 00 


Not taken, 103 


156,366 00 


Total terminated, 1,221 


$2,911,837 00 


Policies in force Dec. 81, 1877. 




Whole-life policies, 2,640 


$6,087,595 00 


Endowment policies, 1,764 


3,507,562 00 


All other policies, 950 


1,994,700 00 


Reversionary additions, - 


63,212 00 



Totals, 



5,354 $11,653,069 00 



Schedule A. 
Securities held as Collateral. 

Market value. 

67 shares Massasoit Paper Co., . . . . $7,370 00 

Central Pacific R.R. bonds, .... 1,060 00 

58 shares Agricultural National Bank, . . 12,480 00 

Stockbridge and Pittsfield R.R. stock, . . 1,200 00 

64 shares Pittsfield Gas Co., .... 8,32000 

150 " Pittsfield Gas Co., .... 19,50000 

150 " Adams National Bank, . . . 18,750 00 

135 " American Express Co., . . . 6,311 25 

7 " Agricultural National Bank, . . 1,470 00 

United States 5-20 bonds, .... 2,132 50 

" " currency bonds, . . . 4,760 00 



Amount loaned. 

$5,000 00 

200 00 

2,500 00 

1,000 00 

7,000 00 

12,000 00 

t 20,610 00 

1,000 00 
1,500 00 
4,000 00 



$83,353 75 $54,810 00 



Schedule B. 
Stocks and Bonds owned by the Company. 



United States bonds, .... 
458 shares Pittsfield National Bank, . . 
250 " Adams National Bank, 
300 " Agricultural National Bank, 
Berkshire county bonds, 
Cheshire town loan, .... 
North Adams water bonds, 



Par value. 

$533,000 00 

. 45,800 00 

. 25,000 00 

. 30,000 00 

. 40,000 00 

. 14,000 00 

. 43,000 00 



Market value . 

$563,918 75 
64,120 00 
31,250 00 
63,000 00 
41,600 00 
14,560 00 
47,300 00 



$730,800 00 $825,748 75 



MASSACHUSETTS LIFE 



[Dec. 31, 



JOHN HANCOCK MUTUAL LTFE INSURANCE COMPANY 

OF BOSTON. 

[Incorporated April 21, 1862. Commenced business Dec. 27, 1862.] 

President, George Thornton. Vice-President, Samuel Atherton. 

Secretary and Actuary, George B. Woodward. 

Principal Office, Sears Building. 



Income. 

Total premium income, ...... 

Cash received for interest on stocks, bonds, and loans, 

for interest on other debts due the company, 
as discount on claims paid in advance, 
for rents of company's property, . 



Total income, 
Net or ledger assets, Dec. 31, 1876, 



Total, 



. 9353,619 


13 


. 149,977 


30 


7,014 


17 


935 04 


3,572 


16 


. 8515,117 


80 


. 2,668,963 37 



Disbursements. 

Cash paid for losses and additions, 
Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 



$3,184,081 17 



8139,215 88 
10,307 74 
77,425 56 
21,764 87 



Gross amount paid for losses and endowments, 

Cash paid to annuitants, 

for surrendered policies, 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse, .... 
Cash surrender values, including re-converted additions ap 

plied in payment of premiums, 
Cash dividends paid policy-holders, 83,471.93; applied in 

payment of premiums, 829,266.09, .... 
Premium notes or loans used in payment of dividends, 

Total paid policy-holders, .... 
Cash paid for commissions to agents, . 

for salaries and travelling expenses of agents, 
for medical examiners' fees, 
for salaries of officers and office employes, 
for taxes and fees, .... 

for rent, 

for furniture and office fixtures, . 

for advertising, ..... 

for incidental expenses, 



Total disbursements, 
Balance, 



8248,714 05 
1,772 00 
4,086 74 

30,808 76 

42,855 39 

32,738 02 
18,296 13 



8379,271 09 
22,740 68 
39,066 12 

5,805 90 
28,570 24 

4,899 82 

10,668 70 

513 73 

5,118 65 
15,723 38 



8512.378 31 
82,671,702 86 



1877.] 



INSURANCE COMPANIES. 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 

on collateral security (schedule A), . 
Premium notes or loans on policies in force, 
Par value of stocks and bonds owned (schedule B), 
Cash in company's office, ...... 

deposited in bank, ...... 

Bills receivable, 

Agents' ledger balances, ...... 

Commuted commissions, $1,865.91; loans on personal se 
curity, $1,500.00, 



Ledger assets (as per balance), 
Deduct depreciation from cost of assets, 

Total net or ledger assets, 



$113,621 44 

1,424,395 00 

48,050 00 

303,404 27 

749,500 00 

1,127 44 

15,754 91 

2,248 81 

10,235 08 

3,365 91 

$2,671,702 86 
4,263 93 

$2,667,438 93 



Other Assets. 

Interest due and accrued, .... 
Rents due and accrued, .... 
Market value of stocks and bonds, over par, 
Uncollected premiums on policies in force, . 
Deferred premiums on policies in force, 

Total, 

Deduct loading (20 per cent), 

Net am't of uncollected and deferred prem's, 

Total assets per company's books, 



$31,749 58 
39,075 11 

$70,824 69 
14,164 94 



67,572 04 

1,960 78 

28,680 00 



- 56,659 75 
$2,822,311 50 



Items not Admitted. 



Commuted commissions, 
Cash advanced to officers or agents, 
Agents' balances, 
Loans on personal security, . 
Bills receivable, .... 
Total, ..... 

Total admitted assets, . 



$1,865 91 
4,354 13 
5,880 95 
1,500 00 
2,248 81 



- 15,849 80 
$2,806,461 70 



Liabilities. 

Computed prem. reserve or net present value 

of all outst'g policies (actuaries' 4 p. ct.), $2,516,379 00 
Deduct net value of re-insured risks, . . 1,745 00 

Net re-insurance reserve, . . . $2,514,634 00 



s 



MASSACHUSETTS LIFE 



[Dec. 31, 



Premium obligations in excess of net values of 

their policies, $155 26 

Matured endowments due and unpaid, . . 640 00 

Death losses in process of adjustment, . . 24,255 00 
Claims resisted by the company, .... 7,715 00 

Total policy claims, .... 
Unpaid dividends of surplus due policy-holders, 

Due for rent, 

Premiums paid in advance, 



Liabilities as to policy-holders, 
Surplus as regards policy-holders, 

Gross liabilities, .... 



$32,765 26 

11,908 41 

1,000 00 

1,465 23 

82,561,772 90 
. 244,688 80 

$2,806,461 70 



Premium Xote Account. 

Premium notes on hand Dec. 31, 1876, . $341,045 98 

Premium notes or loans rec'd during 1877, . 45,421 23 

Total, 

Used in payment of losses and claims, . $32,072 61 

Used in payment of surrendered policies, and 



voided by lapse, ..... 
Used in paym't of divid's to policy-holders, 
Redeemed by maker in cash, 
Received in excess, and returned, 

Total, 

Balance note assets, Dec. 31, 1877, 



30,808 76 

18,296 13 

1,826 45 

58 99 



$386,467 21 



83,062 94 
$303,404 27 



Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1876. 

Number. Amount. 

Whole-life policies, 3,779 $8,137,632 00 

Endowment policies, 1,799 2,337,297 00 

All other policies, 1,760 3,439,250 00 



New Policies issued in 1877. 



Whole-life policies, 
Endowment policies, 
All other policies, 



Old Policies revived during the Year 



Whole-life policies, 
Endowment policies, . 

Total number and amount, . 



848 


1,629,942 00 


145 


241,905 00 


174 


588,600 00 


7 ear. 
52 


122,500 00 


13 


25,000 00 



8,570 $16,522,126 00 



1877.] 



INSURANCE COMPANIES. 



9 



Policies ceased to be in force during the Year. 

Terminated by death, . 

by maturity, 

by expiry, 

by surrender, . 

by change and decrease, 
Not taken, 

Total terminated, . 



Whole-life policies, 
Endowment policies, 
All other policies, 



Totals, 7,390 $14,295,279 00 



Number. 


Amount. 


62 


$147,957 00 


94 


99,053 00 


725 


1,311,800 00 


35 


61,937 00 


97 


210,000 00 


167 


396,100 00 


. 1,180 


$2,226,847 00 


Dec. 31, 1877. 




. 4,442 


$9,314,466 00 


. 1,767 


2,343,763 00 


. 1,181 


2,637,050 00 



Schedule A. 

Securities held as Collateral. 

Market value. 

Wichita and So. Western R.R. bonds, . . $4,550 00 
Atchison, Topeka, and Santa Fe R.R. bonds, . 5,422 50 
Atchison, Topeka, and Santa Fe land grant b'ds, 2,448 75 
Union Pacific R.R. S. F. bonds, .... 22,875 00 
Ottawa, Oswego, and Fox Riv. Val. R.R. bonds, 1,105 00 
205 shares American Whip Co., . . . . 20,500 00 
Sagadahoc Co. (Maine) bonds, .... 4,120 00 
Atchison, Topeka, and Santa Fe land grant b'ds, 816 25 
Pueblo and Ark. Valley R.R. bonds, ... 820 00 
United States 5-20 bonds, 108 25 



Amount loaned. 

> $10,000 00 

20,000 00 

800 00 

12,000 00 

4,000 00 

1,250 00 



$62,765 75 $48,050 00 



Schedule B. 
Stocks and Bonds owned by the 



Massachusetts gold bonds, . 
Cuyahoga Co. (Ohio) bonds 
Mraion Co. (Ind.) bonds, 
Lynn city bonds, 
Salem city bonds, 
Bath city bonds, . 
Cambridge city bonds, 
Albany city bonds, 
Cincinnati city bonds, 
Chicago city bonds, 
Cleveland city bonds, . 



Company. 

Par value. 

$100,000 00 

10,000 00 

10,000 00 

14,000 00 

5,000 00 

2,000 00 

2,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 



Market value. 

$110,000 00 

10,475 00 

10,500 00 

15,005 00 

5,400 00 

2,050 00 

2,140 00 

10,300 00 

10,800 00 

10,525 00 

10,550 00 



10 



MASSACHUSETTS LIFE 



[Dec. 31, 



Par value. Market value. 

Evansville city bonds, 85,000 00 $5,200 00 

Columbus city bonds, 22,000 00 22,060 00 

St. Louis city bonds, gold, 11,000 00 11,770 00 

Phila., Wilm., and Balti. R.R. bonds, . . 7,000 00 7,280 00 

Chicago, Burlington, and Quincy R.R. bonds, . 20.000 00 21,900 00 

Vt. Central and Vt. and Canada R.R. bonds, . 5,000 00 1,850 00 

Ogdensburg and Lake Champlain R.R. bonds, . 5,000 00 5,000 00 

Illinois Grand Trunk R.R bonds, . . . 20,000 00 22,000 00 

Michigan Central R.R. bonds, .... 5,000 00 4,750 00 

Grand River Valley R.R. bonds, . . . 10,000 00 8,500 00 

Cedar Rapids and Mo. River R.R. bonds, . . 15,000 00 15,187 50 

Jackson, Lansing, and Saginaw R.R. bonds, . 10,000 00 9,300 00 

Boston and Providence R.R. bonds, . . . 25,000 00 28,250 00 

Boston and Albany R.R. bonds, .... 75,000 00 86,250 00 

Vermont Central R.R. bonds, .... 1,000 00 370 00 

Boston and Albany R.R. bonds, .... 45,000 00 47,925 00 

Nashua and Rochester R.R. bonds, . . . 25,000 00 23,125 00 

Lowell and Andover R.R. bonds, . . . 20,000 00 20,100 00 

Old Colony R.R. notes, .... .50,00000 50,00000 

Boston and Providence R.R. notes, . . . 88,000 00 88,000 00 

Boston and Maine R.R. stock, .... 5,000 00 4,825 00 

Vermont and Canada R.R. stock, . . . 12,000 00 1,800 00 

N. E. Mortgage Security Co. 's bonds, . . 5,000 00 5,275 00 

Boston Gas Light Co.'s bonds, . . . .25,000 00 25,500 00 

Newton and Watertown Gas Light Co.'s bonds, 20,000 00 20,600 00 

50 shares Tremont National Bank, . . . 5,000 00 5,387 50 

100 " New-England National Bank, . . 10,000 00 13,300 00 

70 " Continental National Bank, . . 7,000 00 7,000 00 

35 " Boylston National Bank, . . . 3,500 00 4,130 00 

100 " Washington National Bank, . .10,000 00 13,200 00 

$749,500 00 §778,180 00 



MASSACHUSETTS HOSPITAL LIFE INSURANCE COMPANY 

OF BOSTON. 

[Incorporated Feb. 24, 1S18. Commenced business 1S23.] 

Paid-up Capital, $500,000. 

President, Peter C. Brooks. Secretary, J. C. Bramax. 

Actuary, Samuel C. Cobb. 

Income. 

Total premium income, ....... 822.179 90 

Cash received for interest on stocks, bonds, and loans, . 52.182 56 
for commissions on trusts, .... 67,606 75 



Total income, 



6141,969 21 



1877.] 



INSURANCE COMPANIES. 

Disbursements. 



11 



Cash paid to annuitants, 

for dividends to stockholders, 

to Massachusetts General Hospital, 

for salaries of officers and office employes, 

for rent, 

for incidental expenses, 

Total disbursements, 



Assets as per Ledger Accounts. 

Cost value of real estate, .... 
Loans on mortgage of real estate (first liens), 

on collateral security, 
Cost value of stocks and bonds owned, 
Cash deposited in bank, .... 

Other Assets. 

Interest due and accrued, ....... 

Market value of real estate, over cost, ... 

of stocks and bonds, over cost, 

Total assets per company's books, 

Liabilities. 

Computed premium reserve or net present value of all out 

standing policies (actuaries' 4 per cent) , 
Due and unpaid on annuity claims, 

Liabilities as to policy-holders, 
Surplus as regards policy-holders, 

Gross liabilities, .... 



. $32,083 54 


. 50,000 00 


10,000 00 


17,700 00 


2,500 00 


1,155 39 


. $113,138 93 



Policies in force Dec. 31, 1877, . 
Annuities in force Dec. 31, 1877, 



Number. 

5 



$5,252 22 

626,010 27 

154,225 60 

85,757 08 

20,755 35 



16,697 18 
3,157 33 
1,544 69 

$913,999 72 



$171,399 00 
511 81 



$171,910 81 
742,088 91 



$913,999 72 

Am't insured. 

$13,000 00 



Yearly Paym'ts. 

87 $32,546 00 



MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY 

OF SPRINGFIELD. 

[Incorporated May 15, 1851. Commenced business Aug. 1, 1851.] 

President, E. W. Bond. Vice-President, Henry Fuller, Jun. 

Secretary, Avery J. Smith. Actuary, Oscar B. Ireland. 

Income. 

Total premium income, $958,094 00 

Cash received for interest on stocks, bonds, and loans, . 313,313 97 

as discount on claims paid in advance, . . 1,554 97 



12 



MASSACHUSETTS LIFE 



[Dec. 31, 



Cash received for rents of company's property, 
items of interest account, 

Total income, 

Net or ledger assets, Dec. 31, 1876, 

Total, 



. $3,778 36 

2,871 04 

$1,279,612 84 

6,036,722 56 

$7,316,335 40 



Disbursements. 

Cash paid for losses and additions, .... 
Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments, 
Cash paid for surrendered policies, .... 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse, 

Cash surrender values, applied in payment of premiums, 
Cash dividends paid policy-holders, 820,144.41 ; applied in 

payment of premiums, $91,602.72, . . t . 
Premium notes or loans used in payment of dividends, 

Total paid policy-holders, ..... 
Cash paid for commissions to agents, .... 
for salaries and travelling expenses of agents, 
for medical examiners' fees, 
for salaries of officers and office employes, . 

for taxes and fees, 

for rent, 

for furniture and office fixtures, . 

for advertising and printing, 

for incidental expenses, .... 

Depreciation of real estate from cost, . . $160,580 50 

of railroad bonds from cost, . . 26,339 49 

of other assets from cost, . . 11,616 15 



$335,803 31 
12,314 98 
87,131 72 
14,563 28 



ail!>, 813 29 
36,509 45 

116,630 87 
85,643 14 

111,747 13 
109,142 80 



$909,486 68 
55,237 43 
59,066 89 

5,054 00 
38,883 25 
14,866 66 

9,381 13 
50 00 

6,828 62 
21,630 11 



Total disbursements, 

Balance, 

Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate,* 

Loans on mortgage of real estate (first liens), 

on collateral security (schedule A), . 

on company's policies assigned as collateral, 
Premium notes or loans on policies in force, 
Cost value of stocks and bonds owned (schedule B), * 

* Deducting depreciation. 



- 198,536 14 
$1,319,020 91 
$5,997,314 49 



$511,258 00 

3,598,880 30 

216,323 51 

37,690 00 

810.959 59 

673.960 20 



1877.] 



INSURANCE COMPANIES. 



13 



Cash in company's office, 
deposited in bank, 
in transit, since received, 

Bills receivable, . 



$10,847 25 

98,006 06 

34,308 55 

5,081 03 



Ledger assets (as per balance), 
Deduct possible depreciation from cost of assets, 

Total net or ledger assets, . 

Other Assets. 

Interest due and accrued, . 

Rents due and accrued, 

Uncollected premiums on policies in force, 

Deferred premiums on policies in force, 



$5,997,314 49 
. 113,254 90 



Total, 

Deduct loading (16 per cent), 

Net am't of uncollected and deferred prem's, 

Furniture and fixtures, 

Cash in hands of agents, 

Total assets per company's books, 



$5,884,059 59 


» • • 

$63,350 93 
99,692 03 


212,527 20 
1,468 33 



$163,042 
26,086 



96 

87 



136,956 09 
5,357 96 

17,398 04 

1,257,767 21 



Items not Admitted. 

Furniture and fixtures, $5,357 96 

Cash in the hands of agents, .... 17,398 04 

Bills receivable, 5,08103 

Total, 27,837 03 



Total admitted assets, . 



1,229,930 18 



Liabilities. 

Computed prem. reserve or net present value 
of all outst'g policies (actuaries' 4 pr. ct.), $5,683,479 00 



Deduct net value of re-insured risks, . 

Net re-insurance reserve, ... 
Death losses and matured endowments in 
process of adjustment, .... 
Claims resisted by the company, . 

Total policy claims, .... 
Unpaid dividends of surplus due policy-holders, 
Premiums paid in advance, .... 

Liabilities as to policy-holders, 
Surplus as regards policy-holders, . 



28,998 00 

$5,654 481 00 



$77,236 00 
57,369 00 



- 134,605 00 

. 20,417 29 

2,246 79 

$5,811,750 08 
. 418,180 10 



Gross liabilities, 



1,229,930 18 



14 



MASSACHUSETTS LIFE 



[Dec. 31, 



Premium Note Account. 



Premium notes on hand Dec. 31, 1876, 
Premium notes or loans received during 1877, 

Total, 

Used in payment of losses and claims, 
Used in payment of surrendered policies, and 

voided by lapse, 

Used in payment of divid's to policy-holders, 
Redeemed by maker in cash, 

Total, ....... 

Balance note assets, Dec. 31, 1877, 



$897,141 35 
171,083 71 



$26,878 26 

112,614 45 

109,142 80 

5,722 38 



-81,068,225 06 



- 254,357 89 
' |813,867 17 



"Whole-life policies, 
Endowment policies, 
All other policies, 



Exhibit of Policies. 

Policies and Additions in force Dec. 31, 1876. 

Number. Amount. 

9,148 $22,895,575 00 
2,635 4,608,343 00 

2,675 6,299,545 00 



New Policies issued in 1877. 



Whole-life policies, 
Endowment policies, 
All other policies, 



Whole-life policies, 



Revived during the Year. 
Increased during the Year. 



Endowment policies, . 

Total number and amount, 



904 

316 

63 



2,334,540 00 
635,364 00 
131,000 00 



13,000 00 



100 00 



15,747 $36,917,467 00 



Policies ceased to be in force during the Year. 



Terminated by death, . 

maturity, 

expiry, 

surrender, . 

lapse, . 

change and decrease, 
Not taken, 



Total terminated, . 



Policies in force Dec. 31, 1877 



Whole-life policies, 
Endowment policies, 
All other policies, 

Totals, . 



. 142 


$319,220 00 


62 


101,695 00 


. 644 


1,803,900 00 


. 370 


1,043,852 00 


. 304 


972,738 00 


1 


201,365 00 


. 241 


602,550 00 


. 1,764 


§5,045,320 00 


77. 
. 8,692 


821,096,953 00 


. 2,518 


4,281,344 00 


. 2,773 


6,493,850 00 



13,983 $31,872,147 00 



1877.] 



INSURANCE COMPANIES. 



15 



Schedule A. 

Securities held as Collateral. 

Market value. 

19 shares Springfield Gas Light Co., . . . $2,375 00 

15 " Union Paper Manufacturing Co., 

30 " Cocheco National Bank, 
425 " Hampden Paint and Chem. Co., 

United States bond, 

150 shares Union Paper Manufacturing Co., 



25 " Pynchon National Bank, 

20 " Union Paper Manufacturing Co., 

50 " Worthy Paper Co., . 

20 " iEtna Fire Insurance Co., . 

14 " N. Y., N. H., and Hartford R.R., 
Chicago and Illinois River R.R. bonds, 
Assignment of judgment, . 

19 shares Farmers' and Mechanics' Nat'l Bank, 



6 " i£tna National Bank, . 
5 " Phoenix National Bank, 

13 " Pynchon National Bank, 
5 " John Hancock National Bank, . 
8 " Leicester National Bank, . 
Mortgage assigned to Company, . 

38 shares N. Y., N. H., and Hartford R.R., . 
Council Bluffs and St. Jo. R.R. bonds, 
Kansas City, St. Jo., and Co. Bluffs R.R. bonds 

Pettis county (Mo.) bond, 

100 shares Cocheco National Bank, 

455 " Union Paper Manufacturing Co., 

150 " Union Paper Manufacturing Co., .15,000 00) 

Kansas City, St. Jo., and Co. Bluffs R.R. bonds, 22,800 00) 

40 shares Union Paper Manufacturing Co., . . 4,000 00 

Kansas City, St. Jo., and Co. Bluffs R.R. bonds, 44,840 00 

25 shares N. Y., N. H., and Hartford R.R., . 3,850 00 >. 

10 " National New-Haven Bank, . . 1,500 00}- 

10 " Boston and Albany R.R. , . . . 1,245 00 J 
Personal note, with sureties, ...... 



1,500 00 
3,180 00 
8,500 00 
525 00 
15,000 00 
4,125 00 
2,000 00 7 
5,000 00 ) 
4,280 00 I 
2,156 00 I 
22,500 00 I 
15,000 00 1 
2,090 00 
708 00 
740 00 
2,145 00 
600 00 
960 00 | 
5,000 00 J 
5,852 00 
7,600 00 > 
4,028 00 {" 
1,000 00 
10,600 00 
45,500 00 



Amount loaned. 

$1,900 00 

1,500 00 

3,000 00 

7,000 00 

500 00 

10,000 00 

2,500 00 



5,000 00 
3,400 00 

30,000 00 

1,500 00 
550 00 
375 00 

5,000 00 

5,000 00 
10,000 00 

798 51 
10,000 00 
40,000 00 

32,500 00 

2,700 00 
34,000 00 

5,100 00 

4,000 00 



$216,323 51 

Schedule B. 
Stocks and Bonds owned by the Company. 

Cost value. Market value. 

United States bonds, $330,010 51 $326,401 75 

Springfield city bonds, 2,942 00 3,180 00 

685 shares Boston and Albany R.R. , . . .92,693 88 85,282 50 

99 " N. Y., N. H., and Hartford R.R., . 15,149 50 15,246 00 

100 " N. Y. Central and Hudson Riv. R.R., 9,775 00 10,650 00 

100 " Chicago and Rock Island R.R., . . 8,925 00 10,050 00 



16 



MASSACHUSETTS LIFE 



[Dec. 31, 



Cost value. Market value. 

70 shares Burlington, C. R., and North. R.R., . 82.200 00 $1,050 00 

Council Bluffs and St. Joseph R.R bonds, . . 40,154 25 55.100 00 

St. Louis, Alton, and Terre Haute R.R. bonds, . 30,026 25 34,200 00 

Buffalo, New York, and Erie R.R. bonds, . . 10,500 00 10,500 00 

Kansas Pacific R.R. bonds, 24.823 40 13,000 00 

Indianapolis, Bloom'gton, and West. R.R. bonds, 32,000 00 12,000 00 

Burlington, Cedar Rapids, and Xo. R.R. bonds, . 6,800 00 4,800 00 

Kansas and Nebraska R.R. scrip and bonds, . 4,000 00 4,000 00 

5 shares Agawam National Bank, . . . 515 00 » 00 

20 " Pynchon National Bank, . . . 1.975 00 3,300 00 

124 " First National Bank, . . . .13.850 00 16.120 00 

81 " Second National Bank, . . . 9,930 00 14,175 00 

35 " Chicopee National Bank, . . . 5,120 00 5.425 00 

10 " John Hancock National Bank, . . 1.220 00 1.200 00 

24 " First National Bank, Chicopee, . . 2,586 00 3.480 00 
34 " First National Bank, Northampton, . 3,455 50 4,6." 

15 " Eliot National Bank, . . . . 1,522 50 1,650 00 

25 " Webster National Bank, . . . 2,625 00 -'5 00 
15 " Merchants' National Bank, . . 1,844 57 1,9S0 00 
47 " National Bank of Commerce, . . 4', 862 25 4,9-. 

38 » Metropolitan National Bank, . . 5,454 50 4.040 00 

$673,960 20 §650,495 25 



NEW-ENGLAND MUTUAL LIFE INSURANCE COMPANY OF 

BOSTON. 

[Incorporated April 1, 1835. Commenced business December 1, 1S43.] 

President, Benjamin F. Stevens. Secretary, Joseph M. Gibbens. 

Actuary, Walter C. Wright. 

Income. 

Total premium income, §2,002,040 09 

Cash received for interest on stocks, bonds, and loans, . 782,675 92 

for interest on other debts due the company, . 28,56^ 
for rents of company's property, . . . 48,997 29 



Total income, 
Net or ledger assets, Dec. 31, 1876, 



2.232 02 
13,762.423 55 



Total, §16,624,705 57 



Disbursements. 

Cash paid for losses and additions, §789.675 37 

Premium notes or loans used in payment of same, . . 44.955 63 

Cash paid for matured endowments and additions, . . 191,548 92 

Premium notes or loans used in payment of same, . . 47, 656 

Gross amount paid for losses and endowments, . §1,073,866 00 



1877.] 



INSURANCE COMPANIES. 



17 



Cash paid for surrendered policies, $430,799 41 

Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse, ...... 106,339 08 

Cash distributions paid policy-holders, applied in payment 

of premiums, ......... 377,299 80 

Premium notes or loans used in payment of dividends, . 140,169 64 



Total paid policy-holders, .... 
Cash paid for commissions to agents, . 
for medical examiners' fees, 
for salaries of officers and office employes, 
for taxes and fees, .... 

for advertising, 

for incidental expenses, 

premium and interest on investments, 

Total disbursements, 

Balance, 



$2,128,473 93 
91,588 10 
9,101 23 
64,280 33 
19,723 27 
12,661 10 
111,272 30 
74,333 88 

82,511,434 14 



$14,113,271 43 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), 

on collateral security (schedule A), . 

on company's policies assigned as collateral, 
Premium notes or loans on policies in force, 
Cost value of stocks and bonds owned (schedule B), 
Cash on special deposit, ..... 

deposited in bank, 

Bills receivable, ....... 

Quarter and semi-annual premium notes, . 

Ledger assets (as per balance), 

Other Assets. 

Interest due and accrued, ....... 

Bents due and accrued, 

Market value of stocks and bonds, over cost, 
Deferred premiums on policies in force, . $136,768 07 
Deduct loading (10 per cent), . . . 13,677 00 
Net am't of uncollected and deferred prem's, 



$1,398,251 26 
. 2,384,483 34 
. 377,601 62 

9,288 50 
. 1,628,485 39 
. 7,802,814 88 

6,500 00 
. 274,372 17 

4,000 00 
. 227,474 27 

$14,113,271 43 



220,729 17 

11,638 21 

424,697 90 



123,091 07 



Total assets per company's books, 

Items not Admitted. 



Bills receivable, 



$14,893,427 78 
4,000 00 



Total admitted assets, . 
3 



$14,889,427 78 



18 MASSACHUSETTS LIFE [Dec. 31, 

Liabilities. 
Computed premium reserve or net present value of all out- 
standing policies (actuaries' 4 per cent), . . 812,553,850 00 
Death losses due and unpaid, . . . $97,167 00 
Matured endowments due and unpaid, . 29,848 00 

Total policy claims, .... 127,015 00 

Unpaid distributions of surplus due policy-holders, . . 157,399 74 
All other liabilities: premiums paid in advance, . . . 1,825 73 



Liabilities as to policy-holders, .... $12,840,09047 
Surplus as regards policy-holders, . . . 2,049,337 31 



Gross liabilities, $14,889,427 78 

Premium Note Account. 

Premium notes on hand Dec. 31, 1876, . $2,047,787 37 

Premium notes or loans rec'd during 1877, . 564,685 64 

Total, 82,612,473 01 

Used in payment of losses and claims, . . $92,641 71 
Used in payment of surrendered policies, and 

voided by lapse, 106,339 08 

Used in payment of dividends to policy-holders, 140,169 64 

Redeemed by maker in cash, ... . 417,362 92 

Total, 756,513 35 



Balance note assets, Dec. 31, 1877, . . . 81,855,959 66 

Exhibit of Policies. 

Policies and Additions in force Dec. 31, 1876. 

Number. Amount. 

Whole-life policies, 13,963 842,368,910 00 

Endowment policies, 3,117 7,953,461 00 

All other policies, 3,132 8,531,750 00 

Reversionary additions, ...... 86,205 00 

New Policies issued in 1877. 

Whole-life policies, 1,501 4,375,341 00 

Endowment policies, 242 521,839 00 

All other policies, 383 989,658 00 

Old Policies revived during the Year. 

Whole-life policies, 173 623,100 00 

Endowment policies, 71 199,000 00 

All other policies, 1 5,000 00 

Additions by. dividends, - 11,412 00 



Total number and amount, . . . .22,583 S65,665,676 00 



1877.] 



INSURANCE COMPANIES. 



19 



Policies ceased to be in force during the Year. 



Terminated by death, . 

by maturity, 

by expiry, 

by surrender, . 

by lapse, . 

by change and decrease, 
Not taken, 

Total terminated, 



Number. 

258 

130 

4 

587 

1,223 

338 



Policies in force Dec. 31, 1877. 

Whole-life policies, 13,718 

Endowment policies, 2,863 

All other policies, 3,462 

Reversionary additions, ...... 



Amount. 

$776,042 00 

239,205 00 

17,000 00 

1,802,184 00 

3,368,036 00 

4^,000 00 

981,132 00 



. 2,540 $7,227,599 00 



$41,509,936 00 

7,492,207 00 

9,346,708 00 

89,226 00 



Totals, 



20,043 $58,438,077 00 



Schedule A. 

Collaterals held as Security. 

Market value. 

Bank stock, $112,588 00 

Railroad bonds and stocks, .... 69,977 50 
Manufacturing stocks, .... 234,234 00 
United States, State, and city bonds, . . 745 00 
Philadelphia and Reading Coal and Iron Com- 
pany's bonds, 2,700 00 

Mortgages assigned, .....; 2,500 00 
Philadelphia renewals, .... 



Amount loaned. 

$108,280 00 

98,121 62 

161,500 00 

600 00 

2,600 00 
1,500 00 
5,000 00 



$422,744 50 $377,601 62 



Schedule B. 
Stocks and Bonds owned by the 



72 shares Atlantic National Bank, 



100 

333 

100 

50 

21 

91 

160 

240 

150 

200 

120 



Bay State National Bank, . 
Boston National Bank, 
Continental National Bank, 
First Nat'l Bank of Cambridge, 
Massachusetts National Bank, 
Merchants' National Bank, 
National City Bank of Lynn, 
National Eagle Bank, 
National Hide and Leather Bank 
National Revere Bank, 
State National Bank, . 



Company. 
Cost value. 

$7,101 00 

7,500 00 

33,300 00 

10,000 00 

5,000 00 

5,250 00 

9,100 00 

16,000 00 

24,000 00 

15,000 00 

20,000 00 

10,273 10 



Market value 

$9,576 00 

7,500 00 

36,630 00 

10,000 00 

8,250 00 

5,880 00 

12,103 00 

21,600 00 

25,920 00 

16,125 00 

21,650 00 

13,080 00 



20 



MASSACHUSETTS LIFE 



[Dec. 31, 



320 shares Tremont National Bank, 

200 " National Webster Bank, . 

250 " Boston S. D. and Trust Co., 

500 u Merchandise National Bank, 

744 " Boston and Albany R.R. Co., 

300 " Boston and Providence R.R. Co., 

800 ' ' Chicago, Bur. , and Q'ncy R. R. Co. , 

800 " Conn, and Passumpsic R.R. Co., 

300 " Eastern R.R. Co., 

300 " Phila., Wil., and Balti. R.R. Co 

120 " Fitchburg R.R. Co., . 

150 " N. Y. and New-Haven R.R. Co., 

850 " Norwich and "Worcester R.R. Co 

100 " Northern R.R. Co., . 

200 " Conn. River R.R. Co., 

220 " Chicago and Alton R.R. Co., 

400 " Portsm'th, Gt. F., and C. R.R. Co 

200 " P., Saco, and P. R.R. Co., 

105 " Eastern R.R. of N. H., 

Eastern R.R. Co. bonds, 

Phila., Wil., and Balti. R.R. bonds, 

Agricultural Branch R.R. bonds, 

Michigan Central R.R. bonds, 

Boston and Lowell R.R bonds, . 

Boston, Concord, and Montreal R.R. bonds 

Chicago, Bur., and Quincy R.R. bonds, 

Worcester and Nashua R.R. bonds, 



New- Haven and Derby R.R 
Nashua and Rochester R.R. 
Albany city loan, 
Boston city loan, . 
Charlestown water loan, 
Chicago sewerage loan, 
New-Hampshire State loan, 
Hartford city loan, 
Chelsea city loan, 
Lawrence city loan, 
Lynn water loan, 
Dorchester city loan, 
Nashua city loan, 
Massachusetts State loan, 
Rhode-Island State loan, 
Cincinnati city loan, . 
Beverly town loan, 
Worcester water loan, . 
Loan to Eastern R.R., 
Lowell city loan, 
Brookline town loan, . 



bonds, 
bonds, 



Cost value. 

$31,951 25 
20,000 00 
25,000 00 
50,000 00 
74,400 00 
29,950 00 
80,000 00 
69,363 25 
30,000 00 
15,000 00 
11,752 00 
15,000 00 
84,925 25 
10,000 00 
20,000 00 
22,000 00 
40,000 00 
20,000 00 
10,475 00 

237,548 34 

75,871 67 

14,895 00 

73,000 00 

9,926 66 

598,230 00 

120,000 00 
75,000 00 
14,250 00 

116,191 66 
23,256 00 

414,736 12 
72.716 67 
70,350 00 
26,000 00 

100,000 00 

231,504 17 

186,210 83 

1,000 00 

93,000 00 

15,000 00 

124,172 35 
60,000 00 
95,000 00 

280,000 00 

110,000 00 

9,758 00 

56,533 33 

475,100 00 



Market value. 

$34,560 00 



20 
25 
50 
92 
33 
81 
36 
1 
18 
13 
23 

107 

7 

24 

17 

1 

13 

3 

140 
83 
14 
67 
10 

630 

130 
78 
17 

112 
26 

452 
76 
80 
29 

110 

260 

206 

1 

98 

15 

140 
67 
91 

296 

119 

5 

62 

530 



200 00 
,000 00 
000 00 
628 00 
075 00 
,600 00 
,000 00 
350 00 
150 00 
560 00 
025 00 
100 00 
225 00 
600 00 
160 00 
,200 00 
000 00 
150 00 
,032 78 
200 00 
,400 00 
525 00 
,000 00 
,000 00 
,800 00 
,750 00 
250 00 
,500 00 
,400 00 
,230 00 
500 00 
250 00 
120 00 
000 00 
700 00 
800 00 
100 00 
020 00 
000 00 
600 00 
200 00 
750 00 
,300 00 
900 00 
300 00 
700 00 
723 00 



1877.] 



INSURANCE COMPANIES. 



21 



Worcester city loan, 

Somerville city loan, 

Fitchburg city loan, 

Springfield city loan, 

Providence city loan, 

Loan to Providence and Worcester R.R 

Norwich city loan, 

Meriden town loan, 

Fall- River city loan, 

Cambridge city loan, 

Maine State loan, 

Holyoke city loan, 

Newton city loan, 

Haverhill city loan, 

New- York city loan, 

Mercantile Trust Co. loan, . 

New-England Mortgage Security Co. loan, 

New-Bedford city loan, 

Salem city loan, .... 

55 shares Boston Gas Light Co. , . 
5 " Dwight Manufacturing Co. , 
5 " Massachusetts Cotton Mills, 

United States bonds, . 

Taunton city loan, 

Norwalk city loan, 



Cost value. 

$495,000 00 

80,000 00 

125,485 17 

126,000 00 

146,403 06 

100,000 00 

94,000 00 

100,000 00 

203,000 00 

2,000 00 

17,500 00 

5,000 00 

70,000 00 

5,000 00 

300,000 00 

50,000 00 

100,000 00 

10,000 00 

10,000 00 

27,500 00 

5,000 00 

5,000 00 

1,035,335 00 

39,000 00 

50,000 00 



Market value. 

$540,000 00 

88,000 00 

137,400 00 

148,680 00 

166,420 00 

105,000 00 

104,320 00 

110,000 00 

223,300 00 

2,200 00 

19,250 00 

5,300 00 

77,500 00 

5,350 00 

321,000 00 

51,500 00 

111,000 00 

10,300 00 

10,300 00 

44,825 00 

2,125 00 

5,450 00 

1,095,055 00 

43,290 00 

54,000 00 



$7,802,814 88 $8,227,512 78 



STATE MUTUAL LIFE ASSURANCE COMPANY OF 

WORCESTER. 

[Incorporated March 16, 1844. Commenced business June 1, 1845.] 

President, Isaac Davis. Secretary, Clarendon Harris. 

Actuary, Wm. E. Starr. 

Principal Office, 2^,0 Main Street. 



Income. 

Net premium income, $271,652 85 

Cash received for interest on stocks, bonds, and loans, . 112,344 01 

Total income, $383,996 86 

Net or ledger assets, Dec. 31, 1876, 1,998,487 15 

Total, $2,382,484 01 



22 



MASSACHUSETTS LIFE 



[Dec. 31, 



Disbursements. 

Cash paid for losses and additions, 

for matured endowments and additions, 

Gross amount paid for losses and endowments, 
Cash paid for surrendered policies, 
Cash dividends paid policy-holders, $980.04; applied in pay- 
ment of premiums, $74,982.45, 

Total paid policy-holders, .... 
Cash paid for commissions to agents, . 

for salaries and travelling expenses of agents, 

for medical examiners' fees, 

for salaries and office expenses, . 

for taxes and fees, .... 

for rent, 



Total disbursements, 
Balance, 



$78,397 70 
6,000 00 



$84,397 70 
18,295 19 

75,962 49 



$178,655 38 

18,708 18 

2,099 92 

1,200 00 

17,310 62 

387 92 

2,000 00 



$220,362 02 
$2,162,121 99 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, .... 
Loans on mortgage of real estate (first liens) , 
Premium notes or loans on policies in force, 
Cost value of stocks and bonds owned (schedule A) , 
Cash deposited in bank, .... 

Bills receivable, 

Agents' ledger balances, . . - . 

Ledger assets (as per balance), 
Deduct depreciation from cost of assets, 

Total net or ledger assets, 



$50,000 00 

156,130.00 

20,914 52 

1,692,857 94 

241,320 60 

856 20 

42 73 

$2,162,121 99 

10,000 00 

$2,152,121 99 



Other Assets. 
Interest due and accrued, .... 
Market value of stocks and bonds, over cost, 

Total assets per company's books, 



12,000 00 
. 73,814 98 

$2,237,936 97 



Items not Admitted. 



Agents' balances, 
Bills receivable, . 



$42 73 
856 20 



898 93 



Total admitted assets, . 



$2,237,038 04 



1877.] 



INSURANCE COMPANIES. 



23 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (actuaries' 4 per cent), . . . $1,823,502 00 
Death losses and mat'd endowm'ts in process of adjustm't, 25,500 00 
Unpaid dividends of surplus due policy-holders, . . . 2,081 65 



Liabilities as to policy-holders, 
Surplus as regards policy-holders, 

Gross liabilities, . 



$1,851,083 65 
. 385,954 39 

$2,237,038 04 



Premium Note Account. 
Premium notes on hand Dec. 31, 1876, . $23,010 51 
Premium notes or loans received during 1877, . 37,109 47 

Total, $60,119 98 

Used in payment of surrendered policies, and 

voided by lapse, $2,971 97 

Redeemed by maker in cash, .... 36,233 49 

Total, 39,205 46 



Balance note assets, Dec. 31, 1877, 



$20,914 52 



Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1876. 

Whole-life policies, 

Endowment policies, ..... 
All other policies, ..... 
Reversionary additions, .... 



New Policies issued in 1877. 



Whole-life policies, 
Endowment policies, 



rumber. 


Amount. 


3,860 


$8,400,297 00 


959 


1,897,974 00 


7 


10,000 00 


— 


3,442 00 


252 


610,500 00 


39 


93,000 00 



Total number and amount, . 



5,117 $11,015,213 00 



Policies ceased to be in force during the Year 
Terminated by death, . 
by maturity, 
by expiry, 
by surrender, 
by lapse, . 



Total terminated, 



Policies in force Dec. 31, 1877. 

Whole-life policies, 

Endowment policies, ..... 

Totals, 4,853 



46 
5 
7 

92 
114 


$96,547 00 

6,000 00 

10,000 00 

198,300 00 

239,000 00 


264 

7. 

3,924 
929 


$549,847 00 

$8,598,892 00 
1,866,474 00 


4,853 


$10,405,366 00 



24 



MASSACHUSETTS LIFE 



[Dec. 31, 



Schedule A. 
Stocks and Bonds owned by the Company. 

Cost value. Market value. 

United States bonds, $353,907 33 $345,651 25 

Lynn city bonds, 35,500 00 38,500 00 

Lowell city bonds, . . . . . 10,500 00 11,000 00 

Meriden (Conn.) bonds, .... 42,785 00 41,100 00 

Worcester city bonds, 13,000 00 14,430 00 

Newburyport city bonds, .... 6,300 00 6,600 00 

Dover (N.H.) city bonds, .... 24,610 00 23,690 00 

Portsmouth (N.H.) city bonds, . . . 19,260 00 18,540 00 

Newton city bonds, 26,750 00 28,000 00 

Portland city bonds, 28,841 49 32,100 00 

Springfield city bonds, .... 128,445 00 146,320 00 

Bangor (Me.) city bonds, .... 26,375 00 26,700 00 

Cambridge city bonds, .... 14,642 50 16,800 00 

Providence (R.I.) city bonds, . . . 25,000 00 27,500 00 

Lunenburg town bonds, . . . . 4,500 00 4,500 00 

Upton town bonds, 12,160 00 12,690 00 

Winthrop town bonds, .... 10,200 00 10,800 00 

Williamstown town bonds, .... 8,300 00 8,600 00 

Berlin town bonds, 10,000 00 10,000 00 

Blackstone town bonds, .... 6,022 50 6,480 00 

Brookline town bonds, .... 30,000 00 33,600 00 

Amesbury town bonds, .... 10,400 00 10,800 00 

Medway town bonds, 10,350 00 10,800 00 

Essex town bonds, 5,050 00 5,400 00 

West Springfield town bonds, .. . . 12,625 00 13,500 00 

Northampton town bonds, .... 23,500 00 27,500 00 

Lawrence city bonds, 75,000 00 77,350 00 

100 shares Third Nat'l Bank, Springfield, . 10,000 00 17,500 00 

50 " Westminster National Bank, . 5,000 00 5,000 00 

20 " Northborough National Bank, . 2,000 00 2,700 00 

50 " Wachusetts Nat. B'k, Fitchburg, 5,000 00 2,500 00 

50 " Leicester National Bank, . . 5,525 00 5,900 00 

80 " Millbury National Bank, . . 8,000 00 9,600 00 

79 " Grafton National Bank, . . 7,900 00 9,085 00 

40 " City National Bank, Worcester, 4,000 00 5,000 00 

187 " Quinsigamond Nat'l Bank, " . 18,790 00 22,066 00 

35 " Worcester National Bank, " . 4,900 00 4,375 00 

25 " Central National Bank, " . 2,500 00 3,550 00 

100 " Continental Nat'l Bank, Boston, 10,012 50 10,012 50 

67 " Shawmut National Bank, " . 6,725 00 7,914 37 

167 " Howard National Bank, " . 17,115 50 18,745 75 

50 " First National Bank, " . 5,000 00 9,050 00 

25 " Suffolk National Bank, " . 3,350 00 2,950 00 

40 " Eliot National Bank, " . 4,075 50 4,400 00 

90 " Revere National Bank, " . 9,061 25 9,787 50 



1877.] 



INSURANCE COMPANIES. 



25 



Cost value. Market value. 

75 shares Republic National Bank, Boston, $7,562 50 $9,862 50 

115 " Mut. Redemp. Nat'l Bank, " . 15,985 00 14,979 05 

100 " Tremont National Bank, " . 13,300 00 10,775 00 

50 " Webster National Bank, " . 5,275 00 5,050 00 

112 " Hide and Leath. Nat. B'k, " . 11,575 00 11,984 00 

195 " Atlantic National Bank, " . 24,723 75 25,935 00 

Boston and Albany R.R. bonds, . . . 103,000 00 106,500 00 

Worcester and Nashua R.R. bonds, . . 101,500 00 101,500 00 

Providence and Worcester R.R. bonds, . 306,958 12 318,000 00 



L,692,857 94 $1,766,672 92 



LIFE INSURANCE COMPANIES 

OF OTHER STATES. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

December 31, 1877. 



28 



LIFE INSLRANCE COMPANIES [Dec. 31, 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



JETNA LIFE INSURANCE COMPANY OF HARTFORD, CONN. 

[Incorporated 1820. Commenced business 1850.] 

Paid-up Capital, 3150,000. 

President, T. O. Enders. Vice-President, W. H. Bulkeley. 

Secretary, J. L. English. Actuary, H. W. St. John. 

Principal Office, 228 Main Street. 



Income. 

Total premium income, ...... 

Cash received for interest on stocks, bonds, and loans, 

for interest on other debts due the company 
as discount on claims paid in advance, . 
for profits on bonds, stocks, or gold sold, 



Total income, 
Net or ledger assets, Dec. 31, 1876, 



Total, 



Disbursements. 
Cash paid for losses and additions, . 
Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, . 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments, . 
Received for losses and claims on policies re-insured, 



$3,213,871 32 

1,466,244 48 

43,522 79 

3,621 61 

815 45 

84,728,075 65 
22,183,411 14 

§26,911,486 79 



§1,049,809 36 

71,274 60 

535,202 84 

91,466 89 

§1,747,753 69 
8,196 00 



Net amount paid for losses and endowments, 
Cash paid for surrendered policies, .... 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse, 

Cash surrender values, including re-converted additions 

applied in payment of premiums, .... 
Cash dividends paid policy-holders applied in payment of 

premiums, 

Premium notes or loans used in payment of dividends, 



Total paid policy-holders, 



81,739,557 69 
18,040 51 

340,2S7 08 

760,160 05 

288,151 88 
272,743 IS 

. §3,418,940 39 



1877.] 



OF OTHER STATES. 



29 



Cash paid for dividends to stockholders, . 
for commissions to agents, 
for salaries and travelling expenses of agents, 
for medical examiners' fees, 
for salaries of officers and office employes, . 
for taxes and fees, ..... 

for rent, ....... 

for furniture and office fixtures, 

for advertising, ...... 

for other items; viz., office, agency, and inci 
dental expenditures, .... 

Total disbursements, ...... 



$45,000 00 

229,340 52 

8,601 76 

13,886 03 

56,817 84 

143,998 31 

8,298 32 

6,832 20 

4,062 67 

48,257 39 
(,984,035 43 



Balance, ........ 

Invested in the following: — 

Assets as per Ledger Accounts 

Cost value of real estate, .... 
Loans on mortgage of real estate (first liens), 
Loans on collateral security (schedule A), 
Premium notes or loans on policies in force, 
Cost value of stocks and bonds owned, 
Cash in company's office, . 
Cash deposited in bank, 
Bills receivable, 
Agents' ledger balances, . 

Ledger assets (as per balance), 



$22,927,451 36 



$263,771 88 

10,709,966 92 

241,962 06 

♦3,318,063 97 

7,347,098 41 

10,395 83 

978,416 32 

55,937 61 

1,838 36 

$22,927,451 36 



Other Assets. 

Interest due and accrued, 

Market value of stocks and bonds over cost, 
Re-insurance due from other companies, .... 
Uncollected premiums on policies in force, . $139,470 98 
Deferred premiums on policies in force, . 124,635 62 



777,263 25 

157,354 49 

15,000 00 



Total, $264,106 60 

Deduct 20 per cent, 52,821 32 

Net am't of uncollected and deferred prem's, 211,285 28 



Total assets per company's books, 



$24,088,354 38 



Items not Admitted. 

Agents' balances, $1,838 36 

Bills receivable, 55,937 61 

Total, 57,775 97 



Total admitted assets, $24,030,578 41 

* Including $26,630.43, notes taken In part payment of premium*. 



30 LIFE INSURANCE COMPANIES [Dec. 31, 

Liabilities. 

Computed prem. reserve or net present value of 

all outst'g policies (actuaries' 4 p. cent), $20,765,148 00 
Deduct net value of re-insured risks, . . 107,852 00 

Net re-insurance reserve, . . . 820,657,296 00 

Death losses due and unpaid, . . . $36,450 00 
Matured endowments due and unpaid, . . 6,007 00 
Death losses and matured endowments in process 

of adjustment, 332,464 00 

Claims resisted by the company, . . 42,537 00 

Total policy claims, .... 417,458 00 

Unpaid dividends of surplus due policy-holders, . . 96,614 52 

Bills unpaid, $2,125 10 

Miscellaneous, 7,668 66 

Reserve for possible depreciation, . . . 50,000 00 

59,793 76 



Liabilities as to policy-holders, .... $21,231,162 28 
Surplus as regards policy-holders, . . . . 2,799,416 13 



Gross liabilities, $24,030,578 41 

Premium Note Account. 

Premium notes on hand Dec. 31, 1876, . $3,764,626 02 
Premium notes or loans received during 1877, 311,722 48 

Total, $4,076,348 50 

Used in payment of losses and claims, . $162,741 49 
Used in payment of surrendered policies, 

and voided by lapse, .... 340,237 08 

Used in paym't of divid's to policy-holders, 272,743 18 

Redeemed by maker in cash, . . . 9,193 21 

Total,." 784,914 96 



Balance note assets, Dec. 31, 1877, . . . 5,291,433 54 

Exhibit of Policies. 

Policies and Additions in force Dec. 31, 1876. 

Number. Amount. 

Whole-life policies, 35,850 $59,982,131 00 

Endowment policies, 18,560 20,778,071 00 

All other policies, 2,577 6,625,353 00 

New Policies issued in 1877. 

Whole-life policies, 3,232 4,302,640 00 

Endowment policies, 1,233 1,113,732 00 

All other policies, 1,050 2,417,916 00 



1877.] 



OF OTHER STATES. 



31 



Old Policies revived during the Year. 



"Whole- life policies, 
Endowment policies, . 
All other policies, 

Total number and amount, . 



Policies ceased to be in force during the Year 



Terminated by death, 

by maturity, 
by expiry, 
by surrender, 
by lapse, . 

JSbt taken, 

Total terminated, 



Number. 


Amount. 


22 


$131,496 00 


10 


51,684 00 


23 


60,700 00 


62,557 


$95,463,723 00 


the Yeai 




655 


$1,179,609 00 


492 


627,409 00 


5 


6,500 00 


2,482 


4,745,684 00 


1,579 


4,940,025 00 


646 


1,245,422 00 



5,859 $12,744,649 00 



Policies in force Dec. 31, 1877. 

Whole-life policies, 34,900 

Endowment policies, ...... 18,954 

All other policies, 2,844 



Totals, 



$56,587,939 00 

19,059,028 00 

7,072,107 00 



56,698 $82,719,074 00 



Schedule A. 
Securities held as Collateral. 



100 shares Willimantic Linen Co., 

13 " United States Trust Co. , . 
100 " Hartford City Coal and Salt Co 
125 " United States Trust Co., . 

80 " iEtna Fire Insurance Co., . 
300 " Willimantic Linen Co., 
150 " United States Trust Co., . 

40 " ./Etna Fire Insurance Co., . 

50 " Hartford Carpet Co., 
400 " Willimantic Linen Co., 
Keithsburgh township bond, 
Town of Dayton bond, 
Mt. Pulaski township bond, 

50 shares United States Trust Co., . 



85 
520 
168 
425 
350 



Union Salt Co. , 
Wheeler & Wilson Manuf . Co. 
iEtna Fire Insurance Co. , . 
Willimantic Linen Co., 
Willimantic Linen Co., 



Market value. 

.$7,100 001 
. 1,196 00 
. 2,500 00 
. 11,500 00 
. 16,800 00 
. 21,300 00 
. 13,800 00") 



Amount loaned. 



y $46,300 00 



8,400 00 
11,250 00 
28,400 00 j 
1,500 00-j 
1,000 00 [ 
1,000 00 J 
4,600 00 
42,500 00 
39,000 00 > 
35,280 00 > 
30,175 00 
24,850 00 



y 54,267 31 



2,680 00 

4,000 00 
25,000 00 

56,068 75 

13,300 00 
16,500 00 



32 



LIFE INSURANCE COMPANIES [Dec. 31, 



8 shares American Screw Co., 
24 " Agawam Canal Co., . 

8 " Travellers' Insurance Co., 
Assignment of mortgage, . 
Assignment of mortgage, . 
44 shares iEtna Fire Insurance Co., 



10 
25 
25 
30 
16 



Phoenix Fire Insurance Co 
Hartford Carpet Co., 
^Etna Fire Insurance Co., 
Hartford Carpet Co., 
Hartford Carpet Co. , 



Market value. 

.$1,600 00 

. 600 00 

. 1,280 00. 

. 4,000 00 

. 1,000 00 

. 9,240 00 

. 1,800 00 

. 5,625 00 

. 5,250 00 

. 6,750 00 

. 3,600 00 



Amount loaned. 

ei,i3o oo 

3,500 00 
384 00 
3,500 00 
736 00 
3,800 00 
4,096 00 
4,000 00 
2,700 00 



5342,693 00 $241,962 06 



Schedule B. 
Stocks and Bonds owned by the 

235 shares Conn. River Banking Co., 

75 " Metropolitan B'nk, New York 
918 " Phoenix Nat. Bank, Hartford 
400 " Mercantile Nat. Bank, H'tf'd 
560 " City Nat. Bank, Hartford, 
750 " Hartf'd Nat. Bank, Hartford 
739 " First Nat. Bank, Hartford, 
1,552 " Nat. Ex. Bank, Hartford, 
1,608 " Amer. Nat. Bank, Hartford, 
565 " FarV and Mech's'B'k, H'tf'd 
133 " Suffield Nat. Bank, Suifield, 
250 » N.Britain Nat. Bk., N. Brit. 
836 " Char. Oak Nat. Bk., Hartf'd 
700 " .Etna Nat. Bank, Hartford, 
200 " Hartford Trust Co., Hartford 

50 " U. S. Trust Co., Hartford, 
200 " Rockville Nat. Bk., Rockville 
100 " Security Co., Hartford, . 
United States registered bonds, . 
United States registered bonds, 1867, 
United States coupon bonds, 1865 
United States 6s of 1881, . 
District of Columbia bonds, 3.65s, 
368 shares Conn. River Railroad, . 
63 " iEtna Fire Insurance Co., 
955 « N.Y.,N.H., and Hartf'd R.R. 
Indianapolis and Cincinnati R.R. bonds, 
Columbus and Indianapolis R.R. bonds, 
Cincinnati and Indiana R.R. bonds, . 
Cleve., Paine., and Ashtabula R.R, bonds 
Dayton and Michigan R.R. bonds, 



;} 



Company. 
Cost value. 

$17,545 00 
10,312 50 

124,285 50 
42,885 25 
60,900 75 

107,720 25 
92,060 66 
93,729 80 
93,576 87 

102,462 25 
15,100 00 
28,450 00 
97,572 25 
79,969 46 
20,825 00 
5,262 50 
20,000 00 
10,000 00 

151, S50 00 

194,500 63 j 

10,000 00 
217,126 38 
39,372 25 
17,136 68 
140,051 75 
47,380 00 
45,000 00 
20,675 00 
25,671 25 
13,950 00 



Market value. 

.930 00 
9,750 00 

137,700 00 
45,200 00 
50,960 00 

116,250 00 
67,249 00 
97,776 00 

101,304 00 
64,975 00 
13,566 00 
30.000 00 

104,500 00 
83,300 00 
18,400 00 
4,600 00 
20,000 00 
10,000 00 

115,600 00 

104,000 00 
86 . 362 50 
10,900 00 

228,000 00 
45,264 00 
13,230 00 

147.070 00 
44,500 00 
42,000 00 
21,840 00 
26.520 00 
15,500 00 



1877.] 



OF OTHER STATES. 



33 



Little Miami R.R. bonds, . 
New- York Central R.R. bonds, . 
Union Pacific R.R. bonds, . 
Harlem and Port Chester R.R. bonds, 
N.Y. Cent, and Hudson River R.R. bonds, 
Keokuk and Des Moines Val. R.R. bonds, 
Indiana Central R.R. bonds, 
Cleveland and Pittsburgh R.R. bonds, 
Southern Minnesota R.R. bonds, 
Southern Minnesota R.R. bonds, 
Atlantic Dock R.R. bonds, 
South-Carolina state bonds, 
Virginia State bonds, . 
Tennessee State bonds, 
Mississippi State warrants, 
Kansas State bonds, . 
Terre Haute city bonds, 
Richmond city bonds, 
Richmond city 8s, 
Mobile city bonds, 
Hartford city 10-30 bonds, 
Hartford city (non- taxable) bonds, 
Hartford city (non-taxable) bonds, 
Hartford city capitol bonds, 
Hartford city funded bonds, 
Cleveland city bonds, 
Louisville city bonds, 
Kansas city bonds, 
New-Britain city bonds, 
Chicago city water-loan bonds, 
Springfield (111.) city bonds, 
Springfield (111.) city bonds, 8s, 
Springfield (111.) city water bonds, 
Elizabeth city funded bonds, 
Elizabeth city street improvement bonds, 
Grand Rapids city bonds, 
Hartford city bonds, . 
Peoria city bonds, 
Ottawa city bonds, 
Beardstown city bonds, • 
Peoria city bonds, 
New-Boston city bonds, 
Cleveland city bonds, 
Jersey-City city bonds, 
Newark city bonds, 
Buffalo city water bonds, 
Des Moines city bonds, 
Fort Wayne city bonds, 
5 



Par value. 


Market value. 


$890 00 


$930 00 


3,810 00 


4,160 00 


30,690 00 


31,200 00 


99,500 00 


112,000 00 


100,000 00 


118,000 00 


21,950 00 


12,420 00 


9,225 00 


9,000 00 


747 50 


1,000 00 


20,110 00 


15,082 50 


37,250 00 


10,400 00 


23,750 00 


26,000 00 


26,545 00 


17,500 00 


20,986 00 


11,395 80 


31,301 00 


12,920 00 


8,786 05 


8,786 05 


99,750 00 


100,000 00 


61,400 00 


67,000 00 


20,500 00 


25,000 00 


30,000 00 


30,000 00 


120,000 00 


120,000 00 


21,000 00 


22,680 00 


68,950 00 


79,350 00 


10,975 00 


12,650 00 


87,740 00 


103,500 00 


211,620 00 


237,540 00 


229,230 00 


242,550 00 


89,750 00 


104,000 00 


90,500 00 


99,000 00 


130,689 00 


136,500 00 


50,000 00 


53,500 00 


6,995 00 


7,490 00 


42,240 00 


44,880 00 


37,970 00 


42,800 00 


124,572 50 


130,560 00 


25,007 50 


27,840 00 


34,581 83 


39,000 00 


18,710 00 


19,000 00 


100,200 00 


107,060 00 


10,000 00 


10,000 00 


2,980 00 


3,500 00 


16,000 00 


16,160 00 


9,750 00 


9,750 00 


52,390 00 


54,600 00 


122,900 00 


141,700 00 


172,015 05 


189,660 00 


99,750 00 


108,000 00 


40,000 00 


41,200 00 


40,305 00 


45,900 00 



34 



LIFE INSURANCE COMPANIES [Dec. 31, 



Indianapolis city bonds, 

Quincy city bonds, 

Milwaukee city water bond 

Cincinnati city bonds, 

New- York city con. stock bonds 

Hartford city bonds, . 

Logan sport city bonds, 

St. Paul city bonds, . 

Edgar county bonds, . 

Warren county bonds, 

Marion county bonds, 

Monroe county bonds, 

Macon county bonds, . 

Ford county bonds, . 

Adams county bonds, 

Christian county bonds, 

Cook county bonds, . 

Sangamon county bonds, 

Sangamon county bonds, 

Green county bonds, . 

Kankakee county bonds, 

Macoupin county bonds, 

Sangamon county bonds, 

White county bonds, . 

Gallatin county bonds, 

Moultrie county bonds, 

Randolph county bonds, 

De Witt county bonds, 

AVabash county bonds, 
Hudson county bonds, 

Hartford county bonds, 
Iroquois county bonds, 
Ramsey county bonds, 
Marion county bonds, 
Paris town bonds, 
Georgetown town bonds, 
Newman town bonds, 
Camargo town bonds, 
Garrett town bonds, . 
Elwood town bonds, . 
Brooklyn town bonds, 
Mt. Pulaski town bonds, 
Grant town bonds, 
Perm town bonds, 
Moline town bonds, . 
Edgewood town bonds, 
West-Hartford town bonds, 
Rock-Island town bonds, . 



Par value. 

8487,570 00 
37,564 00 
97,500 00 
100,000 00 
104,000 00 
4,151 75 
61,200 00 
52,350 00 
53,600 00 
930 00 
99,500 00 
35,000 00 
46,475 00 
58,000 00 
37,937 50 
18,800 00 
22,750 00 
23,500 00 
15,750 00 
18,200 00 
24,687 50 
43,400 00 
46,000 00 
10,860 00 
10,400 00 
45,240 00 
51,330 00 
30,850 00 
26,100 00 
49,843 75 
70,000 00 
54,221 50 
32,000 00 

200,250 00 
12,000 00 
30,000 00 
11,700 00 
14.625 00 
12,675 00 
32,000 00 
46,750 00 
30,000 00 
20,453 22 
18,525 00 
19,750 00 
8,850 00 
15,000 00 
41,125 00 



Market value. 

-.700 00 
37,564 00 
107,000 00 
105,000 00 
112,000 00 
4,080 00 
61,200 00 
52,350 00 
53,600 00 
930 00 
105,000 00 
35,000 00 
46,475 00 
58,000 00 
45,000 00 
18,800 00 
26,500 00 
25,750 00 
16,050 00 
18,200 00 
24,687 50 
12,900 00 
50,000 00 
10,860 00 
10,400 00 
45,240 00 
51,330 00 
30,850 00 
100 00 
52,500 00 
70,000 00 
54,221 50 
32,000 00 
210,000 00 
12,000 00 
30,000 00 
11,700 00 
14,625 00 
12,675 00 
32,000 00 
46,750 00 
30,000 00 
20.453 22 
18,525 00 
19,750 00 
8,850 00 
15.000 00 
41,125 00 



1877.] 



OF OTHER STATES. 



35 



Lennox town bonds, . 
Danbury town bonds, 
Astoria town bonds, . 
Woodland town bonds, 
Browning town bonds, 
Bushnell town bonds, 
Virginia town bonds, . 
Ricks town bonds, 
Mattoon town bonds, . 
Winchester town bonds, 
Middleport town bonds, 
Belmont town bonds, . 
Galva town bonds, 
Milford town bonds, . 
Keithsburgh town bonds', 
De Witt town bonds, . 
Ross town bonds, 
Aurora town bonds, . 
Evans town bonds, 
East- Windsor town bonds, 
Brooklyn town bonds, 
Sprague town bonds, . 



Par value. 

$8,400 00 

18,050 00 

4,500 00 

4,500 00 

4,500 00 

21,875 00 

2,000 00 

6,980 00 

20,250 00 

9,600 00 

14,700 00 

14,700 00 

14,700 00 

12,204 80 

23,000 00 

9,950 00 

28,802 70 

11,860 00 

2,895 00 

29,700 00 

1,000 00 

40,133 33 



Market value. 

$8,400 00 

18,050 00 

4,500 00 

4,500 00 

4,500 00 

21,875 00 

2,000 00 

6,980 00 

20,250 00 

9,600 00 

14,700 00 

14,700 00 

14,700 00 

12,204 80 

23,000 00 

9,950 00 

28,802 70 

11,860 00 

2,895 00 

29,700 00 

1,000 00 

40,133 33 



,347,098 41 $7,504,452 90 



CONNECTICUT GENERAL LIFE INSURANCE COMPANY OF 

HARTFORD, CONN. 

[Incorporated June, 1865. Commenced business October, 1865.] 

Paid-up Capital, $250,000. 

President, Thomas W. Russell. Secretary, Fredk. V. Hudson. 

Principal Office, 7 Central Row. 

Income. 

Total premium income, . . . . . . . $238,801 57 

Cash received for interest on stocks, bonds, and loans, . 67,497 20 

for interest on other debts due the company, 1,993 42 

Total income, • $308,292 19 

Net or ledger assets, Dec. 31, 1876, ..... 1,275,90750 

Total, $1,584,199 69 

Disbursements. 

Cash paid for losses, $78,694 00 

for matured endowments, 17,000 00 

Gross amount paid for losses and endowments, . . $95,694 00 



36 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash paid for surrendered policies, . 

Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse, ..... 
Advance premiums refunded, ..... 
Cash dividends paid policy-holders, applied in payment of 

premiums, ........ 

Premium notes or loans used in payment of dividends, 

Total paid policy-holders, 

Cash paid for commissions to agents, 

for salaries and travelling expenses of agents, 

for medical examiners' fees, 

for salaries of officers and office employes, . 

for ta^es and fees, ..... 

for profit and loss account, 

for office, agency, and incidental expenses, 

Total disbursements, 



$79,653 86 

9,545 42 
100 50 

868 33 
1,078 21 



8186,940 12 


12,520 71 


12,390 35 


1,329 00 


12,906 75 


8,164 41 


3,557 62 


10,972 50 


$248,781 46 



Balance, . 

Invested in the following: — 

Assets as per Ledger Accounts 

Cost value of real estate, .... 

Loans on mortgage of real estate (first liens), 

Loans on collateral security (schedule A), . 

Premium notes or loans on policies in force, 

Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, 

Bills receivable, 

Agents' ledger balances, 

Non-resident tax, 

Gross ledger assets (as per balance), 
Deduct depreciation from cost of assets, 

Total net or ledger assets, . 

Other Assets. 

Interest due and accrued, ....... 

Market value of stocks and bonds, over cost, 

Uncollected premiums on policies in force, . $11,199 70 

Deferred premiums on policies in force, . . 15,666 91 



$1,335,418 23 



8244,426 71 

576,362 65 

. 21,804 15 

136,451 55 

303,855 16 

469 88 

46,823 23 

3,701 94 

904 66 

618 30 

$1,335,418 23 
47,759 19 

$1,287,659 04 



23,095 29 
3,561 34 



Total, $26,866 61 

Deduct 12| per cent, 3,358 32 

Net am't of uncollected and deferred premiums, 



Total assets per company's books, 



23,508 29 
. $1,337,823 96 



1877.] OF OTHER STATES. 37 

Items not Admitted. 

Agents' balances, 

Bills receivable, ..... 

Total, ....... 



Total admitted assets, 

Liabilities. 

Computed prem. reserve or net present value 

of all outst'g policies (actuaries' 4 p. ct.), $1,006,213 00 
Deduct net value of re-insured risks, . . . 4,777 00 

Net re-insurance reserve, 
Death losses in process of adjustment, 
Claims resisted by the company, 

Total policy claims, 
Premiums paid in advance, 
Miscellaneous, 



$904 66 
3,701 94 


$4,606 60 




• • 


$1,333,217 36 



. $1,001,436 00 

$30,038 00 
. 13,000 00 
. 43,038 00 



. $3,297 50 
. 9,954 18 
13,251 68 



Liabilities as to policy-holders, $1,057,725 68 

Surplus as regards policy-holders, .... 275,491 68 



Gross liabilities, $1,333,217 36 

Premium Note Account. 
Premium notes on hand Dec. 31, 1876, . $141,866 71 
Premium notes or loans received during 1877, 22,754 75 

Total, ....... $164,621 46 

Used in payment of surrendered policies, and 

voided by lapse, $9,545 42 

Used in paym't of dividends to policy-holders, . 1,078 21 
Redeemed by maker in cash, .... 17,546 28 

28,169 91 



Balance note assets, Dec. 31, 1877,- .... $136,451 55 

Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1876. 

Number. Amount. 

Whole-life policies, 3,064 $5,878,784 00 

Endowment policies, 566 664,092 00 

All other policies, 58 146,734 00 

New Policies issued in 1877. 

Whole-life policies, 648 870,405 00 

Endowment policies, 49 33,578 00 

All other policies, 8 11,110 00 



38 



LIFE INSURANCE COMPANIES [Dec. 31, 



Old Policies revived during the Year. 

Number. Amount. 

'Whole-life policies, 9 $11,500 00 

Endowment policies, 1 200 00 

Old policies increased during the year, . . - 1,000 00 



Total number and amount, . 



4,403 87,617,403 00 



Policies ceased to be in force during the Year. 
Terminated by death, 

by maturity, . 

by expiry, 

by surrender, . 

by lapse, . 

by change and decrease, 



Not taken, . 



. 35 


593,884 00 


. 9 


17,000 00 


. 8 


30,500 00 


.214 


426,071 00 


.502 


832,750 00 


- 


54,600 00 


.130 


197,100 00 



Total terminated, 



.898 $1,651,905 00 



Policies in force Dec. 31, 1877.' 

Whole-life policies, 2,954 $5,324,118 00 

Endowment policies, 506 545,536 00 

All other policies, 45 95,844 00 



Totals, 



3,505 $5,965,498 00 



Schedule A. 
Securities held as Collateral. 



63 shares Pratt and Whitney Co., and farm 

mortgage, 
54 u United States Ex. Co., 
60 " N.Y.,X.H., andH. R.R. ; 
70 " Washburn Steel Tire Co., 
25 " Connecticut Fire Ins. Co., 
30 " Park National Bank, . 
50 " Travellers' Insurance Co., 



Market value. Amount loaned. 



$5,280 00 
2,592 00 
9,240 00 
3,500 00 ) 
2,825 00 > 
3,150 00 
8,700 00 



$3,500 00 
2,000 00 
4,590 00 

3,150 00 

2,064 15 
6,500 00 



$35,287 00 $21,804 15 



Schedule B. 

Stocks and Bonds owned by the Company. 

Cost value. Market value. 

United States 5-20 registered bonds, . . $80,800 00 $84,400 00 

Connecticut State bonds, 30,246 50 33,150 00 

Cook county (111.) bonds, 4,750 00 5,300 00 

Chicago city bonds, 1,950 00 2,000 00 



1877.] 



OF OTHER STATES. 



39 



Cost value. 

Washington (Ind.) bonds, $9,775 00 

Quincy (111.) bonds, 8,250 00 

Evansville bonds, 9,400 00 

Indianapolis bonds, ...... 19,600 00 

Cincinnati and Indianapolis R.R. bonds, . . 9,610 00 

L. S. & Michigan So. R.R. bonds, . . . 5,089 38 

Hartford, Prov., & Fishkill R.R. bonds . . 4,910 00 

125 shares N.Y., N.H., & Hartford R.R., . . 16,793 03 

33 " Shoe & Leather National Bank, . 3,780 00 

40 " Merchants' Exchange National Bank, 2,750 00 

40 " Fourth National Bank, . . . 4,193 00 

216 " American National Bank, . . .13,538 00 

104 " Phoenix National Bank, . . . 15,853 00 

52 " Charter Oak National Bank, . . 6,700 00 

70 " Hartford National Bank, . . .10,625 00 

100 " First National Bank, . . . 13,978 25 

9 " iEtna National Bank, . . . 1,116 00 

17 " Farmers' and Mechanics' Nat'l Bank, 3,270 00 

86 " Conn. Trust & S. D. Co., . . . 8,428 00 

100 " Thames National Bank, . . . 13,700 00 

50 " Security Co., 4,750 00 



Market value. 

$10,000 00 
9,13Q 00 
9,700 00 

19,600 00 
9,187 50 
5,940 00 
5,400 00 

19,250 00 
3,960 00 
1,660 00 
4,000 00 

13,608 00 

15,600 CO 
6,500 00 

10,570 00 
9,250 00 
1,080 00 
1,921 00 
7,310 00 

13,900 00 
5,000 00 



$303,855 16 $307,416 50 



CONNECTICUT MUTUAL LIFE INSURANCE COMPANY OF 

HARTFORD, CONN. 

[Incorporated June 15, 1846. Commenced business Dec. 15, 1846.] 

President, James Goodwin.* Vice-President, E. B. Watkinson. 

Secretary, Jacob L. Greene. 



Income. 

Total premium income, 

Cash received for interest on stocks, bonds, and loans, 

for interest on other debts due the company 
for rents of company's property, . 

Balance of profit and loss account, .... 

Total income, ....... 

Net or ledger assets, Dec. 31, 1876, .... 



Total, 



$6,494,918 99 

2,540,997 51 

44,670 71 

89,329 27 

22,364 86 

$9,192,281 34 
44,020,146 47 

$53,212,427 81 



Disbursements. 

Cash paid for losses and additions, . 

Premium notes or loans used in payment of same, 



$2,591,469 80 
43,888 20 



* Since deceased ; now Jacob L. Greene. 



40 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash paid for matured endowments and additions, . 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments, . 

Cash paid for surrendered policies, .... 

Premium notes or loans used in purchase of surrendered 
policies, and voided by lapse, 

Cash surrender values, including re-converted additions ap- 
plied in payment of premiums, .... 

Cash div'ds paid policy-holders, applied in paym't of prem's 

Premium notes or loans used in payment of dividends, 

Total paid policy-holders, 

Cash paid for commissions to agents, .... 

for salaries and travelling expenses of agents, 

for medical examiners' fees, 

for salaries of officers and office employes, . 

for taxes and fees, ..... 

for advertising, . . . . 

for office, agency, and incidental expenses. 



$610,050 05 

CI, 300 05 

$3,300,724 00 

158,780 36 

324,241 50 

822,761 57 

2,177,239 44 

334,536 80 

$7,124,283 67 

413,720 16 

3,451 96 

18,492 00 

83.728 94 

359,364 49 

20,986 30 

107,316 72 



Total disbursements, 
Balance, 



. $8,140,344 24 

$45,072,083 57 



Invested in the following: — 



Assets as per Ledger Accounts 
Cost value of real estate, .... 
Loans on mortgage of real estate (first liens), 
Loans on collateral security (schedule A), . 
Premium notes or loans on policies in force, 
Cost value of stocks and bonds owned (schedule B), 
Cash in company's office, .... 
Cash deposited in bank, .... 
Bills receivable, ..... 

Agents' ledger balances, .... 

Ledger assets (as per balance) , . 

Other Assets. 



$4,067,908 90 

28,335.744 97 

130,730 28 

5,605,486 14 

5,697,684 12 

8,956 02 

1,181,720 60 

4,372 21 

39,480 33 

$45,072,083 57 



Interest due and accrued, 2,240,661 13 

Rents due and accrued, 10,000 00 

Market value of stocks and bonds, over cost, . . . 182,698 38 

Deferred premiums on policies in force, . $51,840 02 

Deduct loading (33^ per cent), .... 17,280 00 

Net am't of uncollected and deferred premiums, 34,560 02 



Total assets per company's books, 



$47,540,003 10 



1877.] OF OTHER STATES. 41 

Items not Admitted. 

Agents' balances, 839,480 33 

Bills receivable, 4,372 21 

Total, 843,852 54 



Total admitted assets, $47,496,150 56 

Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (actuaries' 4 per cent), . . 842,365,480 00 

Death losses and matured endowments in 

process of adjustment, .... $580,935 00 

Claims resisted by the company, . . 274,100 00 

Total policy claims, .... 855,035 00 

Unpaid dividends of surplus due policy-holders, . . 291,041 95 

Contingent reserve on lapsed policies, .... 328,353 00 



Liabilities as to policy-holders, .... 843,839,909 95 

Surplus as regards policy-holders, .... 3,656,240 61 



Gross liabilities, . 847,496,150 56 

Premium Xote Account. 

Premium notes on hand Dec. 31, 1876, . $6,290,699 45 

Premium notes or loans rec'd during 1877, . 89,296 48 

Total, 86,379,995 93 

L'sed in payment of losses and claims, . $105,195 15 
Used in payment of surrendered policies, 

and voided by lapse, .... 324,241 50 

Used in payment of div'ds to policy-holders, 334,536 80 

Redeemed by maker in cash, . . . 10,536 34 

Total, ' 774,509 79 



Balance note assets, Dec. 31, 1877, .... $5,605,486 14 

Exhibit of Policies. 

Policies and Additions in force Dec. 31, 1876. 

Number. Amount. 

Whole-life policies, 57,267 $162,780,759 00 

Endowment policies, 8,440 18,794,184 00 

All other policies, 911 1,839,465 00 





New Policies issued in 1877. 




Whole-life policies, 


4,762 


11,504,016 00 


Endowment policies, 


576 


1,011,771 00 


All other policies, 
6 


12 


4,761 00 



42 



LIFE INSURANCE COMPANIES [Dec. 31, 



Old Policies revived during the Year. 



Whole-life policies, . 
Endowment policies, . 
All other policies, 

Total number and amount, 



JJumber. 


Amount. 


711 


2,406,721 00 


138 


310,266 00 


14 


34,200 00 



72,831 8198,716,143 00 



Policies ceased to be in force during the Year. 



Terminated by death, 


932 


J.593,088 00 


by maturity, . 


215 


669,428 00 


by expiry, 


1 


10,000 00 


by surrender, . 


. 2,397 


7,854,762 00 


by lapse, 


. 2,411 


7,079,180 00 


by change and decrease, . 


. 


465,100 00 


Not taken, 


623 
. 6,579 


1,763,950 00 


Total terminated, 


.135,508 00 



Policies in force Dec. 31, 1877. 

Whole-life policies, 57,297 8159,058,301 00 

Endowment policies, 8,137 17.607,029 00 

All other policies, 818 1,615,305 00 



Totals, 



66,252 1178,280,635 00 



Schedule A. 
Securities held as Collateral. 



Market value. Amount loaned. 



United States bond, . 
St. Louis city bond, . 
Ohio canal stock, 
50 shares Little Miami R.R., 
Pettis Co. (Mo.) bonds, 
Kansas Pacific R.R. bonds, 
20 shares Conn. Trust and Safe Deposit Co., 
United States bond, . 
Mortgage bond, property in Louisville, 
Mortgage bond, property in Evansville, 
100 shares iEtna Fire Insurance Co., 
14 " N.Y., N.H., andH. R.R., 
250 " Merchants' Xational Bank, Toledo, 
500 " First Xational Bank, Indianapolis, 
Mortgage bond, 
100 shares Scotia Iron Co., 

2 mortgage notes, . 

2 promissory notes, 
RockviJle R.R. bonds, 



S533 13 
2,000 00 
5.500 00 
2,000 00 J 
2,500 00 
1,500 00) 
1,700 00 ) 
1,190 00 

10,000 00 
4.000 00 

21.800 00 
2,212 00 

17.500 00 

70,000 00 
1,000 00 

20,000 00) 
6,531 14 C 

12,245 86) 

25,000 00 



.803 28 

2,250 00 
2,500 00 

1,000 00 

3,000 00 

1,500 00 

10,000 00 

1,500 00 

20,000 00 

50,000 00 

400 00 

18,777 00 

10,000 00 



8207,212 13 8130,730 28 



1877.] 



OF OTHER STATES. 



43 



Schedule B. 
Stocks and Bonds owned by the Company. 

Cost value. 

$2,448,359 12 



United States bonds, 

Connecticut State bonds, 

Tennessee State bonds, 

Indiana State bonds, . 

Toledo (Ohio) city bonds, 

Fort Wayne (Ind.) city bonds, . 

Jackson (Mich.) city bonds, 

Evansville (Ind.) water bonds, . 

Evansville (Ind.) city bonds, 

Louisville (Ky.) sewer bonds, . 

Louisville (Ky) city bonds, 

Quincy (111.) city bonds, . 

Quincy (111.) debt funding bonds, 

Milwaukee (Wis.) city bonds, . 

Milwaukee (Wis.) water bonds, 

Kansas (Mo.) city bonds, . 

St. Louis Chamber of Commerce bonds, 

Mobile city funding bond, . 

Mobile city certificates, 

Cleveland city school bonds, 

130 shares First National Bank, Hartford, 

100 " City National Bank, Hartford, 
25 " iEtna National Bank, Hartford 
15 " Phoenix Nat'l Bank, Hartford, 
10 " Charter Oak Nat'l Bank, Hartf'd, 
10 " State Bank, Hartford, 

160 " Fourth National Bank, N.Y., 

300 " Conn. Trust and Safe Deposit Co., 

210 " N.Y., N.H., and Hartford R.R., 
50 " Connecticut River R.R., . 



600,000 00 

19,900 00 

103,500 00 

61,200 00 

75,000 00 

99,000 00 

255,000 00 

47,310 00 

182,500 00 

92,500 00 

187,500 00 

21,200 00 

150,000 00 

475,000 00 

182,500 00 

435,000 00 

78,000 00 

200 00 

81,810 00 

13,000 00 

10,725 00 

2,500 00 

1,650 00 

1,055 00 

1,275 00 

16,000 00 

30,000 00 

21,000 00 

5,000 00 



Market value. 

82,545,062 50 

690,000 00 

8,710 00 

103,500 00 

61,200 00 

75,000 00 

99,000 00 

255,000 00 

47,310 00 

182,500 00 

92,500 00 

187,500 00 

21,200 00 

150,000 00 

475,000 00 

182,500 00 

435,000 00 

78,000 00 

200 00 

81,810 00 

11,960 00 

9,100 00 

3,000 00 

2,250 00 

1,270 00 

1,150 00 

15,680 00 

25,500 00 

33,180 00 

6,300 00 



$5,697,684 12 $5,880,382 50 



CONTINENTAL LIFE INSURANCE COMPANY OF 
HARTFORD, CONN. 

[Incorporated July, 1862. Commenced business July, 1864.] 

Paid-up Capital, $300,000. 

President, James S. Parsons. Vice-Prcs't, Arthur S. Winchester. 

Secretary, Robt. E. Beecher. Actuary, Horace R. Morley. 

Income. 

Total premium income, ....... $467,068 46 

Cash received for interest on stocks, bonds, and loans, . 119,224 72 



44 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash received for interest on other debts due the company, >'2,734 33 
for rents of company's property, . . . 11,838 29 

for profits on bonds, stocks, or gold sold, . 1,050 00 



Total income, .... 
Net or ledger assets, Dec. 31, 1876, . 



. $001,915 80 
. 3,124,916 40 



Total, 



$3,726,832 20 



Disbursements. 

Cash paid for losses and additions, .... 
Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments, . 
Received for losses and claims on policies re-insured, in 
eluding matured endowments, .... 

Net amount paid for losses and endowments, 
Cash paid for surrendered policies, .... 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse, .... 

Cash surrender values, including re-converted additions 

applied in payment of premiums, .... 
Cash dividends paid policy-holders, applied in payment of 

premiums, ........ 



Total paid policy-holders, ..... 
Cash paid for dividends to stockholders, . 
for commissions to agents, 
for salaries and travelling expenses of agents, 
for medical examiners' fees, 
for salaries of officers and ofiice employes, . 
for taxes and fees, ..... 

for rent, 

for furniture, fixtures, and agency expenses, 
for advertising, ...... 

for ofiice expenses, depreciation, etc., 

Total disbursements, 

Balance, 



8119,234 68 

18,911 17 

40,345 83 

6,168 45 

$184,660 13 

6,422 86 

$178,237 27 
136,215 98 

144,508 70 

83,127 17 

43,556 06 

$585,645 18 

12,000 00 

46,998 43 

29,341 52 

6,571 80 

27,174 48 

19,274 09 

10,600 00 

3,419 35 

2,990 17 

55,857 77 

8799,872 79 

$2,926,959 41 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, $268,136 29 

Loans on mortgage of real estate (first liens), . . . 789,310 89 

on collateral security (schedule A), . . . 99,080 00 

on company's policies assigned as collateral, . . 950 00 



1877.] 



OF OTHER STATES. 



45 



Premium notes or loans on policies in force, 

Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, 

Bills receivable, 

Agents' ledger balances, 

Office furniture, etc., . 

Ledger assets (as per balance), 
Deduct depreciation from cost of assets, 

Total net or ledger assets, . 

Other Assets. 
Interest due and accrued, .... 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force, 

Total, ....... 

Deduct loading (20 per cent), . ... 

Net am't of uncol'd and defer 'd prem's, 

Total assets per company's books, 



$980,840 66 

431,298 90 

27,915 16 

148,614 52 

138,765 92 

24,776 83 

17,270 24 

82,926,959 41 
9,933 97 

$2,917,025 44 
166,671 52 



$81,246 82 
33,700 61 

$114,947 43 
22,989 48 



91,957 95 
. $3,175,654 91 



Items not Admitted. 

Furniture and fixtures, .... $17,270 24 

Agents' balances, 24,776 83 

Bills receivable, 138,765 92 

Total, 180,812 99 



Total admitted assets, 



. $2,994,841 92 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (actuaries' 4 per cent), . . .$2,896,705 00 
Death losses and matured endowments in 



process of adjustment, . 
Claims resisted by the company, 
Total policy claims, 

Liabilities as to policy-holders, . 
Surplus as regards policy-holders, 

Gross liabilities, .... 



$30,937 00 
1,500 00 



32,437 00 

$2,929,142 00 
65,699 92 

$2,994,841 92 



Premium Note Account. 

Premium notes on hand Dec. 31, 1876, . $1,112,286 20 
Premium notes or loans rec'd during 1877, 46,321 65 

Total, $1,158,607 85 



46 LIFE INSURANCE COMPANIES [Dec. 31, 

Used in payment of losses and claims, . $25,079 62 
Used in payment of surrendered policies, and 

voided by lapse, 141,508 70 

Redeemed by maker in cash, . . . 8,178 87 

Total, 1177,767 19 



Balance note assets, Dec. 31, 1877, .... §980,840 66 

Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1876. 

Whole-life policies, 
Endowment policies, 
All other policies, 



Whole-life policies, 
Endowment policies, 
All other policies, 



Whole-life policies, 
Endowment policies, . 

Total number and amount, .... 12,941 §16,693,710 00 

Policies ceased to be in force during the Year. 

Terminated by death, 132 6183,963 00 

7 24,500 00 

. 1,35S 1.773,673 00 

973 1.739,100 00 

663,316 00 

877 809,380 00 



Number. 


Amount. 


7,211 


$10,258,286 00 


3,395 


3,184,252 00 


197 


456,000 00 


New Policies issued in 1877. 




1.721 


2,329,509 00 


148 


120,371 00 


202 


2S5,558 00 


Policies revived during the Year. 




51 


40,151 00 


16 


13,583 00 



by expiry, 
by surrender, . 
by lapse, . 

by change and decrease, 
Not taken, 



Total terminated, 3,347 $5,193,932 00 

Policies in force Dec. 31, 1877. 

Whole-life policies, 6,651 §8,597,357 00 

Endowment policies, 2,729 2,505,313 00 

All other policies, 214 397, 10S 00 



Totals, 9,594 §11,499,778 00 

Schedule A. 
Securities held as Collateral. 

Market value. Amount loaned. 

100 shares Hartford Steam-Boiler Ins. Co., .§6,000 00 §3.550 00 
Mortgage note assigned, 8,000 00 7.150 00 



1878.] 



OF OTHER STATES. 



47 



100 shares First National Bank, Kansas City, 
Mortgage note assigned, 

36 shares Union Manufacturing Co., 
Mortgage farm bonds, 
Mortgage note assigned, 

28 shares Orient Fire Insurance Co., 
Mortgage note assigned, 

4 shares iEtna Insurance Co., . 
360 " Adams Nickel Co., . 

4 u National Bank, State of New York, 

13 " Phoenix National Bank, 

10 " National Bank of Commerce, 

30 " Bank of America, 

40 " St. Nicholas National Bank, 

40 " Connecticut General Life Ins. 

60 " Union National Bank, 

60 " Gallatin National Bank, . 

60 " Merchants' National Bank, 

40 " City National Bank, . 

40 " National Bank of Commerce, 
156 " Adams Nickel Co., . 

10 " Connecticut General Life Ins. Co. 

20 " "Willimantic Linen Co., 
Mortgage farm bonds, 
160 shares Adams Nickel Co., . 

10 " St. Nicholas Bank, . 

10 " New London Northern R.R., 

27 " Chicago and Alton R.R., . 

40 " Adams Nickel Co., . 
Judgment note secured, 
Mortgage note assigned, 



Market value. 

812,000 00 

. 3,500 00 

. 3,600 00 

. 2,000 00 

. 6,000 00 

. 3,080 00 

. 5,000 00 

. 840 00 
.10,800 00' 

. 480 00 

. 250 00 
.1,260 00 j 

. 4,980 00-j 

. 3,200 00 J- 

. 4,000 00 J 

. 4,260 001 

. 3,600 00 

. 3,420 00 

. 8,000 00 

. 5,040 00 

. 4,680 00 

. 1,000 00 

. 1,400 00J 

. 2,500 00 

. 4,800 00 

. 800 00 

. 1,000 00 

. 2,214 00 

. 1,200 00 

. 1,000 00 

. 7,395 00 



Amount loaned. 

$5,000 00 

3,500 00 

2,500 00 

1,500 00 

6,000 00 

750 00 

5,000 00 

400 00 

11,260 00 



9,500 00 



y 26,570 00 



7,100 00 

700 00 
2,000 00 

600 00 
1,000 00 
5,000 00 



$127,299 00 $99,080 00 



Schedule B. 
Slocks and Bonds owned by the 



United States registered bonds, 
Fort "Wayne city bonds, 
Middletown water bonds, . 
Hartford city bonds, . 
Macoupin county bonds, 
Jefferson county bonds, 
Leavenworth county bonds, 
Utica town bonds, 
Middletown, Unionville, and W 
Quincy city bonds, 
Windham town bonds, 



G. R.R., 



Company. 
Cost value. 

131,296 25 
. 7,575 00 
. 6,772 50 
. 8,410 00 
. 10,000 00 ' 
. 8,500 00 
. 8,000 00 
.12,000 00 
. 7,000 00 
. 7,400 00 
. 10,000 00 



Market value. 

8121,325 00 
8,500 00 
7,400 00 
8,925 00 
7,500 00 

10,000 00 
5,000 00 

12,000 00 

14,000 00 
8,050 00 

10,000 00 



48 



LIFE INSURANCE COMPANIES [Dec. 31, 



New- Jersey Midland R.R. certificates, 

283 shares Farmers' and Mechanics' Nat. Bank, 

75 ' ' Conn. Trust and Safe Deposit Co. , 

25 " Security Co., .... 

25 " Hartford Steam-Boiler Ius. Co., 

370 " Merchants' L. and T. Co., 

25 " Bloomington Banking Association, 

10 " Adams Bank, Topeka, 

15 " American National Bank, . 

10 " iEtna National Bank, 

5 " Stafford National Bank, . 
3 " Fourth National Bank, 

45 " Rockville National Bank, . 

50 " Tradesmen's National Bank, 

15 " Bank of Attica, 

10 " Thompson National Bank, 

6 " Orient Insurance Co., 
20 " JEtna Insurance Co., . 

25 " Hartford Life and Annuity Co., 

100 " Hartford Steam-Boiler Ins. Co., 

10 " United States Express Co., 

100 " Wells, Fargo, & Co., 

100 " Delaware, Lacka., and Western R.R. 

100 " St. Louis, Alton, and T. H. R.R., 

200 " New-London and Northern R.R., 

100 " St. Louis, Kansas City, No. R.R., 

50 " Chicago, R. I., and Pacific R.R., 

50 " Chicago and Alton R.R. . 

145 " Gold and Stock Telegraph Co., . 

10 " Hartford Carpet Co., 

43 " Richmond Stove Co., 

25 " Scranton Silk Co., 

1 share Midd'n, Union ville, and W. G. R.R. 
6 shares Burl'n, Ced. Rapids, and No. R.R., 



7 
547 



Gold and Stock Telegraph Co., . 
Connecticut General Life Ins. Co., 



ilue. 

§1,947 43 

37,251 14 
7.750 00 
2,000 00 
1,471 58 

14,560 00 

2,500 00 

1,000 00 

990 00 

1,200 00 

540 00 

300 00 

5,175 00 

2,640 00 

2,200 00 

1,300 00 

660 00 

4,450 00 

1,500 00 

6,000 00 

480 00 

8,750 00 

2,550 00 

1,800 00 

20,000 00 
2.700 00 
5,125 00 
4,100 00 
2,950 00 
2,250 00 
5,375 00 
2,500 00 
1,000 00 
2,730 00 
1,900 00 

54,700 00 



Market value. 

11,947 43 

32,417 50 

6,375 00 

00 

1,500 00 

14,560 00 

2,500 00 

1,000 00 

990 00 

1,200 00 

540 00 

300 00 

5.175 00 

2,640 00 

2,200 00 

1,300 00 

660 00 

4,450 00 

1,500 00 

6,000 00 

480 00 

8,750 00 

2,550 00 

1,800 00 

20,000 00 
2,700 00 
5.125 00 
4.100 00 
2,950 00 
2,250 00 
5.375 00 
2,500 00 
1,000 00 
2.730 00 
1,900 00 

54,700 00 



§431,298 90 8421,364 93 



1877.] 



OF OTHER STATES. 



49 



EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED 

STATES, NEW YORK. 

[Incorporated July 26, 1850. Commenced business July 28, 1859.] 

Paid-up Capital, $100,000. 

President, Henry B. Hyde. Vice-President, James W. Alexander. 

Secretary, Samuel Borrowe. Actuary, George W. Phillips. 

Principal Office, 120 Broadway. 



Income. 

Total premium income, 

Cash received for interest on stocks, bonds, and loans, 

for interest on other debts due the company, 

for rents of company's property, . 

for profits on bonds, stocks, or gold sold, 

Total income, . . . 
Net or ledger assets, Dec. 31, 1876, .... 



Total, 



Disbursements. 
Cash paid for losses and additions, .... 
for matured endowments and additions, 



$7,066,650 49 

1,448,775 03 

102,864 79 

286,144 03 

16,593 77 

$8,921,028 11 
30,416,719 90 

$39,337,748 01 



,923,535 98 
150,591 54 



Gross amount paid for losses and endowments, . . $2,074,127 52 
Cash paid to annuitants, . . . . . . . 25,768 40 

for surrendered policies, ..... 1,389,274 47 

div'ds paid policy-holders, applied in paym't of prems, 1,745,106 37 



Total paid policy-holders, 

Cash paid for dividends to stockholders, 

for commissions to agents, .... 

for salaries and travelling expenses of agents, 

for medical examiners' fees, 

for salaries of officers and office employes, . 

for taxes and fees, 

for rent, ....... 

for commuting commissions, 

for advertising, ...... 

for other items; viz., office, agency, and inci 
dental expenses, ..... 
Special fund for possible depreciation of real estate, . 
Depreciation of United States bonds, 

Total disbursements, 

Balance, 



55,234,276 76 
$7,000 00 

344,845 64 
41,999 06 
46,021 15 

258,158 91 
95,699 55 

105,775 32 
12,600 00 
59,638 05 

252,912 25 

322,897 09 

77,932 36 

. $6,859,756 14 

$32,477,991 87 



50 



LIFE INSURANCE COMPANIES [Dec. 31, 



Invested in the following: — 

Assets as per Ledger Accounts. 

Cost value of real estate, . 

Loans on mortgage of real estate (first liens), . 

Loans on collateral security (schedule A), . 

Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, . 

Cash deposited in bank, 

Cash in course of transmission (since received), 

Agents' ledger balances, 

Commuted commissions, . 

Ledger assets (as per balance), 

Other Assets. 
Interest due and accrued, . 

Rents due and accrued, 

Uncollected premiums on policies in force, $79,418 00 

Deferred premiums on policies in force, . 578,860 00 

Total, $658,278 00 

Deduct loading (20 per cent), . . . 131,656 00 

Net am't of uncollected and deferred prem's, 

Premium on gold, ........ 



$6,286,744 94 

13,723,218 44 

1,953,206 00 

9,067,482 38 

61,861 53 

892,185 87 

152,293 12 

237,247 85 

103,751 74 

$32,477,991 87 

315,026 48 
76,448 42 



Total assets per company's books, 

Items not Admitted. 
Commuted commissions, .... 8103,751 74 

Agents' balances, 237,247 85 

Total, 



526,622 00 
2,910 43 

$33,398,999 20 



340,999 59 

Total admitted assets, $33,057,999 61 

Liabilities. 

Computed prem. reserve or net present value of all out- 
standing policies (actuaries' 4 per cent), . . $2S,658,289 00 

Death losses due and unpaid, . . . $2S,285 00 

Death losses and matured endowments in process 

of adjustment, 416,755 00 

Claims resisted by the company, . . . 80,500 00 

Total policy claims, ..... 525,540 00 

Unpaid dividends of surplus due policy-holders, . . 79,476 00 

Liability under three months' clause in policies, . . 162,347 00 



Liabilities as to policy-holders, . 
Surplus as regards policy-holders, 



$29,425,652 00 
. 3,632,347 61 

$33,057,999 61 



Gross liabilities, 

Estimated surplus accrued on Tontine or 
other policies, the profits upon which are 
especially reserved for that class of policies, $2,304,919 00* 

* This amount is based upon the total assets as per the books of the company, the reserve 
upon Tontine policies being computed upon the actuaries' table of mortality with interest at 
4 per cent. Computing the reserve upon the American table of mortality with interest at 4i 
per cent, this surplus is $2,589,919, as shown by the Report of the Insurance Department 
of New York. 



1877.] OF OTHER STATES. 51 

Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1876. 

Number. Amount. 

Whole-life policies, 41,350 $146,423,532 00 

Endowment policies, 7,047 21,331,118 00 

All other policies, 339 974,290 00 

Reversionary additions, ..... - 4,321,750 00 

New Policies issued in 1877. 

Whole-life policies, . . . 

Endowment policies, 

All other policies, 

Old Policies revived during the Year. 

Whole-life policies, 

Endow r ment policies, ..... 
All other policies, ..... 
Additions by dividends, .... 

Total number and amount, .... 55,345 $193,763,483 00 

Policies ceased to be in force during the Year. 
Terminated by death, .... 

by maturity, .... 

by expiry, .... 

by surrender, 

by lapse, .... 

additions, .... 
Not taken, 

Total terminated, 8,596 $32,942,067 00 

Policies in force Dec. 31, 1877. 

Whole-life policies, 39,880 $136,108,251 00 

Endowment policies, 6,-516 19,589,265 00 

All other policies, 353 921,935 00 

Reversionary additions, ...... - 4,201,965 00 



5,237 


13,554,136 00 


428 


1,401,952 00 


125 


251,580 00 


Year. 
716 


3,164,950 00 


98 


325,500 00 


5 


28,000 00 


- 


1,986,675 00 



526 


$1,989,247 00 


48 


140,210 00 


8 


16,500 00 


2,671 


11,191,415 00 


4,327 


14,200,210 00 


- 


2,106,460 00 


1,016 


3,297,995 00 



Totals, 46,749 $160,821,416 00 

Schedule A. 

Securities held as Collateral. 

Market value. Amount loaned. 

Brooklyn city stock, $9,280 00 $7,000 00 

United States 5-20 bonds, 
United States bonds, 6s, 1881, 
United States 5-20 bonds, 
United States 5-20 bonds, 



2,060 00) 

1,068 75 \ 3 ' 000 00 

1,056 25 1,000 00 

1,056 25 1,000 00 



52 



LIFE INSURANCE COMPANIES [Dec. 81, 



2,600 shares Mercantile S. D. Co. (N.Y.), 

United States bonds, 5s, 1881, 

United States 10-40 bonds, 

United States 5-20 bonds, . 

United States 5-20 bonds, . 

United States 5-50 bonds, . 

United States 5-20 bonds, . 

United States 5-20 bonds, . 

United States 5-20 bonds, . 

United States 5-20 bonds, . 

United States 5-20 bonds, . 

United States bonds, 4s, . 

United States 5-20 bonds, . 

United States 5-20 bonds, . 

United States bonds, 4s, . 

United States 5-20 bonds, . 

United States 5-20 bonds, . 



Market value. 

325,000 00 
2,110 00 

53,437 50 
103,191 87 
154,840 62 
103,000 00 

51,618 75 

7,463 75 

102,875 00 

309,000 00 

139,910 00 > 

66,742 50 j 
257,187 50 
264,062 50 
106,181 25 

82,400 00 

26,406 25 



Amount loaned. 

175.000 00 
2,000 00 

50,000 00 
100,000 00 
150,000 00 
100,000 00 

50,000 00 

7,000 00 

100,000 00 

302,206 00 

200,000 00 

250,000 00 

250,000 00 

100,000 00 

80,000 00 

25,000 00 



82,169,978 74^1,953,206 00 



Schedule 
Stocks and Bonds owned 



United States bonds, . 
New- York city stock, 
Brooklyn city stock, . 
Rochester city stock, . 
Buffalo city stock, 
Sharon town bonds, N.Y., 
Yonkers town bonds, N.Y., 
Little Valley bonds, N.Y., 
Greenburg bonds, N.Y., . 
Virginia bonds, 6s, . 
South-Carolina bonds, 6s, . 
Mercantile Trust Co. stock, 



B. 

by the Company. 
Cost value. 

85,829,413 47 

1,439, S31 25 

137,045 00 

55,500 00 

59,549 82 

11,500 00 

4,712 00 

5,000 00 

8,000 00 

13,050 00 

16,250 00 

1,487,630 84 



Market value. 

85,721,745 00 

1.474,250 00 

162,520 00 

58,250 00 

61,009 19 

11,902 50 

5.175 00 

5.320 83 

8,311 45 

17.470 91 

17.250 00 

1,524.277 50 



89,067,482 38 89,067,482 38 



GERMANIA LIFE INSURANCE COMPANY OF NEW YORK. 

[Incorporated April 10, 1860. Commenced business July 16, 1S60.] 

Paid-up Capital, £200,000. 

President, Hugo Wesexdoxck. Vice-President, Feedk. Schwexdler. 

Secretary, Corxelius Doremus. Actuary, Hubert Cillis. 

Principal Office, 281 Broadway. 

Income. 

Net premium income, $1,300,627 11 

Cash received for interest on stocks, bonds, and loans, . 507,531 68 



1877.] 



OF OTHER STATES. 



53 



Cash received as discount on claims paid in advance, . 
for rents of company's property, . 
for policy fees, $136.98; cash dividends re 
turned, $6.50, 

Total income, ....... 

Net or ledger assets, Dec. 31, 1876, .... 



Total, 



Disbursements. 

Cash paid for losses and additions, .... 
Cash paid for matured endowments and additions, 

Gross amount paid for losses and endowments, . 
Cash paid to annuitants, ...... 

for surrendered policies, .... 

Cash surrender values, including re-converted additions ap 
plied in payment of premiums, .... 

Cash dividends paid policy-holders applied in payment of 
premiums, 



Total paid policy-holders, 

Cash paid for dividends to stockholders, 
for commissions to agents, 
for salaries and travelling expenses of agents, 
for medical examiners' fees, 
for salaries of officers and office employe's, . 

for taxes and fees, 

for rent and expenses of real estate, . 

for commuting commissions, 

for furniture and office fixtures, . 

for advertising, ...... 

for office, agency, and incidental expenses, 

Total disbursements, ...... 

Balance, ........ 

Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), . 

Loans on collateral security (schedule A) , . 

Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, and with Bavarian Government, 

Ledger assets (as per balance), .... 
Deduct depreciation from cost of assets, . 

Total net or ledger assets, ..... 



$124 83 
25,248 86 

143 48 

11,833,675 96 
7,440,925 32 

$,274,601 28 



$569,282 20 
72,953 17 

$642,235 37 

8,614 60 

326,451 52 

20,479 59 

169,680 71 

1,167,461 79 

24,000 00 

104,486 83 

40,135 27 

9,419 94 

64,519 00 

17,100 54 

24,034 23 

6,230 62 

642 26 

9,198 81 

17,758 78 

1,484,988 07 

17,789,613 21 



$782,527 66 

4,790,242 13 

160,000 00 

1,995,577 59 

593 16 

60,672 67 

$7,789,613 21 
85,243 39 

. $7,704,369 82 



54 



LIFE INSURANCE COMPANIES [Dec. 31, 



Other Assets. 

Interest due and accrued, .... 
Market value of stocks and bonds, over cost, 
Uncollected premiums on policies in force, . 
Deferred premiums on policies in force, 



Total, 

Deduct loading (20 per cent), . 

Net ain't of uncollected and defer'd prem's, 

Cash in course of transmission (since received), 

Total assets per company's books, 



$31,905 42 
228,292 95 

$260,198 37 
52,039 68 



$84,451 03 
5,042 41 



- 208,158 69 
23,421 90 

. $8,025,443 85 



Liabilities. 
Computed premium reserve or net present value of all out- 



standing policies (actuaries' 4 per cent), 
Death losses due and unpaid, 
Death losses and matured endowments in pro 

cess of adjustment, .... 

Claims resisted by the company, 

Total policy claims, .... 

Unpaid dividends of surplus due policy-holders 

Due for taxes and fees, .... 

for salaries, rent, and office expenses, . 

All other liabilities : extra reserve for lapsed 

other policies, ..... 

Liabilities as to policy-holders, . 
Surplus as regards policy-holders, 



. 17,341,872 00 



$5,866 42 

74,167 20 

7,608 97 



war, and 



87,642 59 

36,619 59 

580 00 

1,666 67 

14,789 51 



. $7,483,170 36 
542,273 49 



Gross liabilities, ........ 

Estimated surplus accrued on Tontine or other 
policies, the profits upon which are especially 
reserved for that class of policies, . . $18,296 82 



$8,025,443 85 



Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1876. 

Number. Amount. 

Whole-life policies, 15,6S9 $26,835,970 00 

Endowment policies, 4,436 6,810,343 00 

All other policies, 171 410,000 00 



New Policies issued in 1877 



Whole-life policies, . 
Endowment policies, . 
All other policies, 



,011 


1,517,S76 00 


950 


1.241.416 00 


66 


211,500 00 



1877.] 



OF OTHER STATES. 



55 



Old Policies revived during the Year. 

Number. 

Whole-life policies, 11 

Endowment policies, ...... 9 

All other policies, ...... 1 

Additions by dividends, - 



Amount. 

125,820 00 

12,887 00 

2,000 00 

66,675 00 



Total number and amount, . 



22,344 $37,134,487 00 



Policies ceased to be in force during the Year. 
Terminated by death, 

by expiry, 

by surrender, . 

by lapse, 

by change and decrease, 
Not taken, .... 

Total terminated, 



342 


$578,917 00 


41 


84,074 00 


1,258 


1,993,108 00 


846 


1,288,913 00 


2 


25,447 00 


207 


346,733 00 


2,696 


$4,317,192 00 



Policies in force Dec. 31, 1877. 

Whole-life policies, 14,899 $25,550,514 00 

Endowment policies, 4,594 6,864,781 00 

All other policies, 155 402,000 00 



Totals, 



19,648 $32,817,295 00 



Schedule A. 

Securities held as Collateral. 

Market value. 

United States 5-20 bonds, .... $130,492 50 
United States bonds, 6s, 1881, . . . 17,040 00 

United States bonds, 6s, 1881, . . . 18,615 00 



Amount loaned. 

$127,000 00 
16,000 00 
17,000 00 



$166,147 50 $160,000 00 



Schedule B. 
Stocks and Bonds owned by the Company. 

Par value. Market value. 

United States bonds, $1,164,000 00 $1,215,110 00 



Virginia State bonds, 
Mississippi warrants, 
New- York city bonds, 
New- York county bonds, 
Brooklyn city bonds, . 



Cost value, 



30,000 00 
10,000 00 

525,000 00 
25,000 00 

150,000 00 



9,000 00 
7,500 00 

572,260 00 
27,250 00 

109,500 00 



$1,904,000 00 $2,000,620 00 



,995,577 00 



56 



LIFE INSURANCE COMPANIES [Dec. 31, 



HARTFORD LIFE AND ANNUITY INSURANCE COMPANY OF 

HARTFORD, CONN. 

[Incorporated May, 1866. Commenced business April, 1867.] 

Paid-up Capital, $300,000. 

President, Erastus H. Crosby. Secretary, Stephen Ball. 

Principal Office, 230 Asylum Street. 



Income. 

Total premium income, ...... 

Cash received for interest on stocks, bonds, and loans, 

for interest on other debts due the company 
as discount on claims paid in advance, 
for rents of company's property, . 

Total income, 

Net or ledger assets, Dec. 31, 1876, 



$84,247 48 

57,975 95 

1,373 11 

ICC 12 

195 62 

1143,958 28 

926,781 36 



Total, 1,070,739 64 



Disbursements. 

Cash paid for losses and additions, $42,674 44 

Received for losses and claims on policies re-insured, . 600 00 

Net amount paid for losses and endowments, . . -'.074 44 
Cash paid for surrendered policies, ..... 16,343 58 
Cash surrender values, including re-converted additions ap- 
plied in payment of premiums, 109 43 

Cash dividends paid policy-holders, 82, 563. 85 ; applied in 

payment of premiums, $3,962.74, 6,526 59 

Total paid policy-holders, §65,054 04 

Cash paid for dividends to stockholders, .... 15,000 00 

for commissions to agents, 7,399 05 

for salaries and travelling expenses of agents, . 8,865 05 

for medical examiners' fees, .... 917 00 

for salaries of officers and office employes, . . 6,249 92 

for taxes and fees, . . . . . . 1,193 68 

for rent, 2,237 29 

for advertising, 925 09 

for office, agency, and incidental expenses, . 3,352 03 

Total disbursements, $111,193 15 



Balance, 



$959,546 49 



1877.] 



OF OTHER STATES. 



57 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), . 
on collateral security (schedule A), . 
on company's policies assigned as collateral, 
Cost value of stocks and bonds owned (schedule B), 
Cash in company's office, . 

deposited in bank, 

loaned on personal security, 
Furniture, fixtures, and safes, . 
Agents' ledger balances, . 
Non-resident tax due, 

Ledger assets (as per balance), 
Deduct depreciation from cost of assets, 

Total net or ledger assets, . 



Other Assets. 

Interest due and accrued, .... 
Rents due and accrued, .... 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force, 

Total, 

Deduct loading (10 per cent), . 

Net am't of uncollected and deferred prem's, 

Total assets per company's books, 



$114,590 71 

712,263 91 

27,600 00 

8,071 00 

57,585 77 

147 12 

5,264 99 

14,821 49 

11,470 93 

7,314 20 

416 34 

$959,546 49 
9,206 39 

$950,340 10 



40,023 43 
498 76 



$16,143 56 
. 9,836 60 

$25,980 16 
. 2,598 01 



23,382 15 
. $1,014,244 44 



Items not Admitted 

Company's stock, 
Furniture and fixtures, 
Agents' balances, 
Loans on personal security, 
Total,. 

Total admitted assets, 



$2,275 00 

11,470 93 

7,314 20 

14,821 49 



35,881 62 
$978,362 82 



Liabilities. 

Computed prem. reserve or net present value 

of all outst'g policies (actuaries' 4 pr. ct.), 
Deduct net value of re-insured risks, . 

Net re-insurance reserve, 
Death losses and matured endowments in 
process of adjustment, .... 
Claims resisted by the company, 

Total policy claims, .... 

8 



$631,017 00 
. 2,978 00 



$3,794 00 
5,595 00 



$628,039 00 



9,389 00 



58 



LIFE INSURANCE COMPANIES [Dec. 31, 



Unpaid dividends of surplus due policy-holders, 
Special reserve to cover depreciation in real estate, 

Liabilities as to policy-holders, . 
Surplus as regards policy-holders, 



Gross liabilities, 



Exhibit of Policies. 



Policies and Additions in force Dec. 31, 1876. 

Number. 

Whole-life policies, 1,732 

Endowment policies, . . . . . .109 

All other policies, 548 

Reversionary additions, ..... - 



20 51 

15,000 00 

1653,248 51 

325,114 31 

$978,362 82 



Amount. 

$2,420,001 00 

118,128 00 

1,004,750 00 

4,285 00 



New Policies issued in 1877. 



Whole-life policies, . 
Endowment policies, . 



294 
11 



Old Policies revived during the Year. 



Whole-life policies, 
All other policies, 



14 



Old Policies increased during the Year. 

Whole-life policies 61 

Endowment policies, ...... 8 

All other policies, ...... 78 

Additions by dividends, - 



Total number and amount, . 



406,847 00 
9,948 00 



23,000 00 
184 00 



86,903 00 

13,529 00 

123,000 00 

574 00 



2,855 $4,211,149 00 



Policies ceased to be in force during the Year. 
Terminated by death, 23 



by expiry, 

by surrender, . 

by lapse, 

by change and decrease, 



Not taken, 

Total terminated, 



104 
153 

28 
147 

72 



".818 00 
168,117 00 
319,253 00 
41,200 00 
229,308 00 
137,000 00 



527 §932,696 00 



Policies in force Dec. 31, 1877. 



Whole-life policies, . 
Endowment policies, . 
All other policies, 
Reversionary additions, 

Totals, 



1,755 
111 
462 



$2,302,873 00 

113,971 00 

857,250 00 

4.:359 00 



2,328 $3,278,453 00 



1877.] 



OF OTHER STATES. 



59 



Schedule A. 
Securities held as Collateral. 

Market value 

Lewis county (Mo.) bond, . .... $500 00 1 

Algona school-district bond, 

Real estate mortgage bonds on land in Iowa, 

40 shares Hartford Steam-Boiler Ins. Co., 

84 " 'American Publishing Co., 
St. Louis and South-eastern Railway Co., . 
New- Salem town bond, .... 
Independence school-district bond, 
Trust deeds and bonds on property in Illinois, 
2 shares Travellers' Insurance Co., 

20 " Security Insurance Co., 

20 u American National Bank, . 

10 " First National Bank, 



Amount loaned. 



V $12,600 00 



10,000 00 



[ 5,000 00 



$28,790 00 $27,600 00 



1,000 00 
2,000 00 
2,200 00 
2,100 00 
5,400 00 

500 00 

500 00, 
10,000 00 

340 00] 
2,000 00 
1,300 00 j 

950 00 j 



Schedule B. 



Stocks and Bonds owned by the Company. 

Cost value. 

United States 5-20 bonds, $3,740 02 

Jefferson county bonds, . . . • . 16,000 00 

215 shares First National Bank, Hartford, . 29,550 00 

50 " Home National Bank, W. Meriden, . 5,670 75 

35 " Hartford L. and A. Insurance Co., . 2,625 00 



Market value. 

3,679 38 

16,000 00 

20,425 00 

6,000 00 

2,275 00 



$57,585 77 $48,379 38 



HOME LIFE INSURANCE COMPANY OF BROOKLYN, N.Y. 

[Incorporated April 30, 1860. Commenced business May 1, I860.] 

Paid-up Capital, $125,000. 

President, George C. Ripley. Vice-President, Chas. A. Townsend. 

Secretary, Joseph P. Holbrook. 

Principal Office, 179 Montague Street. 

Income. 

Net premium income, $570,201 51 

Cash received for interest on stocks, bonds, and loans, . 268,960 78 



Total income, $839,162 29 

Net or ledger assets, Dec. 31, 1876, 4,558,400 40 



Total, $5,397,562 69 



60 



LIFE INSURANCE COMPANIES [Dec. 31, 



Disbursements. 
Cash paid for losses and additions, .... 
Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments, . 
Cash paid to annuitants, ...... 

for surrendered policies, .... 

Premium notes or loans used in purchase of surrendered pol 
icies, and voided by lapse, ..... 

Cash dividends paid policy-holders, .... 

Premium notes or loans used in payment of dividends, 

Total paid policy-holders, ..... 

Cash paid for dividends to stockholders, 
for commissions to agents, 
for salaries and travelling expenses of agents, 
for medical examiners' fees, 
for salaries of officers and office employes, . 
for taxes and fees, ...... 

for rent (agencies), ..... 

for advertising, ...... 

for other items; viz., 

Total disbursements, 



Balance, ........ 

Invested in the following: — 

Assets as per Ledger Accounts. 

Cost value of real estate, . . . . . 
Loans on mortgage of real estate (first liens), . 
Loans on collateral security (schedule A), . 
Premium notes or loans on policies in force, 
Cost value of stocks and bonds owned (schedule B), . 
Cash in company's office and deposited in bank, 
Agents' ledger balances, ...... 

Ledger assets (as per balance), .... 

Other Assets. 
Interest due and accrued, ....... 

Market value of stocks and bonds, over cost, 

Uncollected premiums on policies in force, . 870,737 59 

Deferred premiums on policies in force, . . 24.125 14 



.$212,017 32 

15,782 68 

38,031 86 

11,968 14 

1277,800 00 

.1,617 17 
116,193 49 

132,790 56 
31,023 75 
88,979 98 

1648,404 Uo 

15,000 00 

47.041 42 

10,719 40 

2.950 60 

27.615 40 

3.763 51 

9,349 39 

746 83 

17,756 64 

9783,368 14 

$4,614,194 55 



$192,687 13 

1,476,566 00 

361,150 00 

960,470 82 

1,547,115 60 

67,715 88 

-9 12 

84,614,194 55 



50.33S 58 
46,229 40 



Total, 894,862 73 

Deduct loading (20 per cent), .... 18,972 55 
Net am't of uncollected and deferred premiums, 



Total assets per company's books, 



75.890 IS 
. 84,786,652 71 



1877.] OF OTHER STATES. 61 

Items not Admitted. 
Agents' balances, $8,489 12 



Total admitted assets, $4,778,163 59 

Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (actuaries' 4 per cent), . . . $3,863,326 00 

Death losses and matured endowments in process of adjust- 
ment, 4,500 00 

Claims resisted by the company, ..... 13,000 00 

Unpaid dividends of surplus due policy-holders, . . 2,495 52 



Liabilities as to policy-holders, $3,883,321 52 

Surplus as regards policy-holders, .... 894,842 07 



Gross liabilities, $4,778,163 59 

Premium Note Account. 

Premium notes on hand Dec. 31, 1876, . $1,074,514 72 
Premium notes received during 1877, . . 135,477 46 

Total, $1,209,992 18 

Used in payment of losses and claims, . $27,750 82 

Used in payment of surrendered policies, and 

voided by lapse, 132,790 56 

Used in payment of dividends to policy-holders, .88,979 98 

Total, 249,521 36 



Balance note assets, Dec. 31, 1877, .... $960,47082 

Exhibit of Policies. 

Policies and Additions in force Dec. 31, 1876. 

Number. Amount. 

Whole-life policies, 8,413 $17,047,722 00 

Endowment policies, 1,520 2,846,905 00 

All other policies, 13 5,000 00 

Reversionary additions, - 3,117 00 

New Policies issued in 1877. 

Whole-life policies, 711 1,280,330 00 

Endowment policies, 75 113,647 00 

All other policies, 1 1,000 00 

Old Policies revived during the Year. 
Whole-life policies, ..... 
Endowment policies, ..... 
Additions by dividends, .... 

Total number and amount, . . . . 10,743 $21,311,277 00 



7 
3 


9,000 00 

4,000 00 

556 00 



62 



LIFE INSURANCE COMPANIES [Dec. 31, 



Policies ceased to be in force during the Year. 

Number. Amount. 

116 $227,800 00 

24 50.000 00 

1,631 3,190,820 00 

321 539,300 00 

37,200 00 

226 465,750 00 



Terminated by death, 

by maturity, . 

by surrender. . 

by lapse, 

by change and decrease, 
Not taken, .... 



Total terminated, 



2,318 §4,510,870 00 



Policies in force Dec. 31, 1877. 



"Whole-life policies, . 
Endowment policies, . 
All other policies, 
Reversionary additions, 

Totals, 



7,110$14,363,236 00 

1,302 2,427.498 00 

13 6,000 00 

3,673 00 



8.425 816,800,407 00 



Schedule A. 
Securities held as Collateral. 

Market value. 

511 shares Brooklyn City R.R., . . .709 00 

20 " Nassau National Bank, . . . 2,S00 00) 
15 " Brooklyn National Bank, . . 1,950 00 C 
50 " Brooklyn National Bank, . . 2,000 00) 

100 " Union Trust Co., . . . .10,500 00) 

30 " Home Fire Insurance Co., . . 3,180 00 ) 

21 " New York Gas Co., . . . 2.S20 00 
48 ' ; Brooklyn City Gas Co., . . . 1,920 00) 

24 " Nassau Gas Co., •. . . . 450 00 C 
Nassau Gas Co. certificates, .... 350 00 ) 

100 shares Manufacturers' National Bank, . 3,060 00 
United States 5-20 bonds, 2,628 00 

25 shares Nassau National Bank. . . . 3,500 00 
500 " Central Trust Co., . . . . 50,000 00 > 

50 " Delaware and Hudson Canal Co., . 47,250 00 ) 

1,284 " Brooklyn City Gas Co., . . .51,360 00) 

50 " German- American Insurance Co., . 5,000 00 > 

250 " Brooklyn Trust Co., . . . 8,000 00) 

150 " Central Trust Co., . . . .15,000 00 

25 " Shoe and Leather Bank, . . 3.250 00 

125 " Home Fire Insurance Co., . .13,250 00 

125 " Mechanics' Bank, Brooklyn, . . 9,063 00 

903 " Central National Bank, N.Y., .90,300 00) 

285 " Fourth National Bank, . . . 28,500 00 1 

20 " Nassau National Bank, . . . 2,S00 00 } 

25 " Shoe and Leather National Bank, . 3,125 00) 



Amount loaned. 

$5,000 00 
1,750 00 

9.400 00 
2,500 00 

2.300 00 

2.000 00 
2.500 00 
2,000 00 

75.000 00 

50,000 00 

12.500 00 

2,500 00 

10,000 00 

5.000 00 

100,000 00 
3,500 00 



1877.] 



OF OTHER STATES. 



63 



Market value. Amount loaned. 



40 shares Mechanics' Bank, Brooklyn, 
Albany and Susquehanna R.R. bonds, - 
United States bonds, 1867, 
United States bonds, 1881, 
Certified gold check, . 
Brooklyn city bond, . 
90 shares Brooklyn City Gas Co. 
United States bonds, 1867, 
United States bonds, 4s, 



2,290 00 
4,320 00"] 
17,316 00 ' 
10,638 00 
9,180 00 j 
1,060 00 
3,600 00 
2,103 00 
30,300 00 



2,000 00 
39,000 00 

1,000 00 

1,200 00 

2,000 00 

30,000 00 



t52,602 00 $361,150 00 



Schedule B. 

Stocks and Bonds owned by the Company. 

Cost value. 

United States 5-20 bonds, .... $886,380 60 

Brooklyn park bonds, .... 329,572 50 

Brooklyn city bonds, 180,125 00 

Kings county bonds, ..... 151,037 50 



Market value. 

5853,065 00 
380,480 00 
190,800 00 
169,000 00 



$1,547,115 60 $1,593,345 00 



HOMOEOPATHIC MUTUAL LIFE INSURANCE COMPANY OF 

NEW YORK. 

[Incorporated July 18, 1868. Commenced business July 18, 1868.] 

Paid-up Capital, $200,000. 

President, D. D. T. Marshall. Vice-President, E. M. Kellogg. 

Secretary, Frank B. Mayhew. 

Principal Office, 257 Broadway. 



Income. 

Total premium income, ....... 

Cash received for interest on stocks, bonds, and loans, 

for interest on other debts due the company, 
for rents of company's property, . 



Total income, ....... 

Net or ledger assets, Dec. 31, 1876, . 

Total, • 

Disbursements. 

Cash paid for losses and additions, .... 
Received for losses and claims on policies re-insured, . 



$211,846 70 

39,649 14 

793 13 

616 38 

$252,905 35 
632,882 24 



5,787 59 



$44,550 00 
8,000 00 



Net amount paid for losses and endowments, 



$36,550 00 



64 



LIFE INSURANCE COMPANIES 



Cash paid for surrendered policies, .... 
Cash dividends paid policy-holders, $10,501.97; applied in 
payment of premiums, $3,776.63, .... 

Total paid policy-holders, ..... 
Cash paid for commissions to agents, .... 

for salaries and travelling expenses of agents, 

for medical examiners' fees, 

for salaries of officers and office employes, . 

for taxes and fees, 

for rent, 

for commuting commissions, 

for advertising, ...... 

for office, agency, and incidental expenses, 
Profit and loss account, 

Total disbursements, ...... 



Balance, §666,4>T 



[Dec. SI, 

',107 19 
11,278 60 

1139,935 79 

8,738 17 

27,360 59 

1,615 28 

12,268 00 

1,668 29 

2,200 00 

2,908 76 

1,904 36 

11,723 28 

8,992 73 

§219,300 25 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, ..... 
Loans on mortgage of real estate (first liens), . 

on collateral security (schedule A), . 

on company's policies assigned as collateral, 
Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, 

Cash deposited in bank, 

Agents' ledger balances, . . . 

Ledger assets (as per balance), . 



Other Assets. 
Interest due and accrued, . 
Rents due and accrued, . . . . , 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force, 

Total, ....... 

Deduct loading (10 per cent), . 

Net am't of uncollected and deferred prems. , 



Total assets per company's books, .... 

Items not Admitted. 
Value of real estate less than cost, . . $16,776 99 
Cost val. of town bonds in excess of market val., 12,640 00 



$40,651 99 

322,896 97 

14,250 00 

12,230 20 

263,380 62 

240 13 

12,302 17 

535 26 



• 

$6,493 90 
22,533 34 


$666,487 34 

6,486 35 
165 00 


$29,027 24 
2,902 72 


26,124 52 





8699,263 21 



1877.] 



OF OTHER STATES. 



65 



Mortgage loans in excess of appraised value, . $3,000 00 

Agents' balances and other ledger balances, . 535 26 

Total, 



Total admitted assets, 



Liabilities 

Computed prem. reserve or net present val 

all outst'd'g policies (actuaries' 4 per cen 
Deduct net value of re-insured risks, . 

Net re-insurance reserve, 
Death losses and matured endowments in 

cess of adjustment, 
Claims resisted by the company, 

Total policy claims, 
Premiums paid in advance, 

Liabilities as to policy-holders, . 
Surplus as regards policy-holders, 

Gross liabilities, .... 



2,952 25 



$666,310 96 



of 

t), $657,635 00 
2,909 00 



pro 



$3,014 00 
1,000 00 



$654,726 00 



4,014 00 
3,449 18 

$662,189 18 
4,121 78 

$666,310 96 



Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1376. 

Number. Amount. 

Whole-life policies, 2,427 $4,399,036 00 

Endowment policies, 763 959,533 00 

All other policies, 80 181,000 00 

New Policies issued in 1877. 



Whole-life policies, 

Endowment policies, 

All other policies, 

Old Policies revived during 

Whole-life policies, 

Endowment policies, ..... 


741 

150 

79 

the Year. 

5 
2 

. 4,247 

ring the Year, 

15 

19 
403 
438 

49 
366 

. 1,290 


1,232,281 00 
157,289 00 
150,500 00 

10,500 00 
3,000 00 


Total number and amount, . 

Policies ceased to be in force du 
Terminated by death, .... 

by expiry, .... 

by surrender, .... 

by lapse, .... 

by change and decrease, 
Not taken, 


$7,093,139 00 

$39,142 00 
48,500 00 
783,709 00 
662,250 00 
111,541 00 
665,977 00 


Total terminated, .... 
9 


$2,311,119 00 



66 



LIFE INSURANCE COMPANIES [Dec. 31, 



Policies in force Dec. SI, 1877. 



Whole-life policies, . 
Endowment policies, . 
All other policies, 

Totals, 



Number. 

2,172 
671 
114 



Amount. 

$3,763,846 00 
785,174 00 
233,000 00 



2,957 $4,782,020 00 



United States 5-20 bonds, . 

25 shares Fifth National Bank, . 

20 " Farragut Fire Insurance Co., 

60 " Hamilton Fire Insurance Co., 

25 " Whitehill Manufacturing Co., 

Positive Motion Loom Co. bonds, 

Bonds and mortgage assigned, . 



Schedule A. 
Securities held as Collateral. 

Market value. 

. $2,150 00 



3,125 00 
1,800 00 
1,710 00 
2,500 00 
5,000 00. 
2,000 00 



Amount loaned. 

$2,000 00 

2,500 00 

650 00 

7,600 00 

1,500 00 



$18,285 00 $14,250 00 



United States 10-40 bonds, 
United States currency bonds, 
Arcadia town bonds, . 
Somerset town bonds, 
Yates town bonds, 
Lewiston town bonds, 
Edgewater village bonds, 



Schedule B. 
Stocks and Bonds owned by the Company. 

Cost value. 

$153,274 37 



73,406 25 

5,000 00 

14,000 00 

11,000 00 

6,600 00 

100 00 



3Iarket value. 

$155,150 00 

72,600 00 

5,100 00 

14,000 00 

11,000 00 

6,600 00 

100 00 



$263,380 62 $264,550 00 



MANHATTAN LIFE INSURANCE COMPANY OF NEW YORK. 

[Incorporated 1850. Commenced business August, 1S50.] 

Paid-up Capital, 8100,000. 

President, Henry Stokes. Vice-President, Christopher Y. Wemple. 

Secretary, Jacob L. Halsey. Actuary, Samuel N. Stebbins. 

Principal Office, 156 Broadway. 

Income. 

Net premium income, ....... $1,169,389 64 

Cash received for interest on stocks, bonds, and loans, . * 538,636 02 
for interest on other debts due the company, 56,685 35 

* Including $5-1,275.08 in cost of real estate. 



1877.] 



OF OTHER STATES. 



67 



Cash received as discount on claims paid in advance, . 

for rents of company's property, . 

for profits on bonds, stocks, or gold sold, 
Collections from suspense account, .... 

Total income, ....... 

Net or ledger assets, Dec. 31, 1876, .... 



Total, 



$5,825 00 
4,990 64 
2,865 63 
2,513 00 

. $1,780,905 28 
. 9,564,837 75 

$11,345,743 03 



Disbursements. 

Cash paid for losses and additions, 
Premium notes, or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments, 
Cash paid to annuitants, ..... 

for surrendered policies, 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse, . 
Cash dividends paid policy-holders, applied in payment 

of premiums, 

Premium notes or loans used in payment of dividends, 

Total paid policy-holders, ..... 
Cash paid for dividends to stockholders, 

for commissions to agents, .... 
for salaries and travelling expenses of agents, 
for medical examiners' fees, 
for salaries of officers and office employes, . 
for taxes and fees, 
for rent, 

for commuting commissions, 
advanced to officers or agents, 
paid for advertising, . 

for other items ; viz. , — 

office and incidental expenses, $19,645 80 

expenses on real estate, . 29,430 24 

Reductions in assets, . . . . . 15,801 80 



$569,768 08 
45,770 92 
43,989 24 
14,124 76 

$673,653 00 

5,364 50 

177,136 87 

161,561 74 

271,260 81 
19,177 61 

1,308,154 53 

55,000 00 

102,055 85 

9,806 73 

8,182 00 

70,930 27 

15,987 04 

14,500 00 

272 58 

1,270 24 

12.204 86 



Total disbursements, ...... 

Balance, 

Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, ...... 

Loans on mortgage of real estate (first liens), . 



64,877 84 
$1,663,241 94 
$9,682,501 09 



$780,555 25 
4,339,168 77 



08 LIFE INSURANCE COMPANIES [Dec. 31, 

Loans on collateral security (schedule A), . . . . > 1,481, 076 21 

Premium notes or loans on policies in force, . . . 1,839,318 99 

Cost value of stocks and bonds owned (schedule B), . . 1,208.095 89 

Cash in company's office, 3,000 40 

Cash deposited in bank, 29,573 73 

" The Independent " newspaper, 1,111 85 



Ledger assets (as per balance), $9,682,501 09 

Deduct depreciation from cost of assets, .... 41,581 14 



Total net or ledger assets, $9,640,919 95 

Other Assets. 

Interest due and accrued, 224,315 69 

Rents due and accrued, 583 31 

Uncollected premiums on policies in force, . $95,331 50 
Deferred premiums on policies in force, . 92,197 66 



Total, 8187,529 16 

Deduct loading (25 per cent), . . . 46 v 882 29 

Xetain't of uncollected and deferred prem's, 140,646 87 

Postage stamps, . 290 85 



Total assets per company's books, . . . 810,006.756 67 

Items not Admitted. 
Advertising paid in advance, . . . . . . 1,111 85 



Total admitted assets, $10,005,644 82 

Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (actuaries' 4 per cent), . . . $8,331,825 00 
Death losses due and unpaid, .... $363 89 
Death losses and matured endowments in pro- 

- of adjustment, .... 170,608 00 

Claims resisted by company, .... 51,152 00 

Total policy claims, .... 222.123 S9 

Unpaid dividends of surplus due policy-holders, . . 7-\258 03 

All other liabilities (estimated), 11,000 00 



Liabilities as to policy-holders, . 
Surplus as regards policy-holders, 

Gross liabilities, .... 



.643,206 92 
. 1,362,437 90 

$10,005,644 82 



Premium Note Account. 
Premium notes on hand Dec. 31, 1876, . $2,014,314 28 
Premium notes or loans rec'd during 1877, 87,078 60 

Total, $2,101,392 88 



1877.] 



OF OTHER STATES. 



69 



Used in payment of losses and claims, 
Used in paym't of surrendered policies, and 

voided by lapse, 

Used in paym't of dividends to policy-holders, 
Redeemed by maker in cash, 
Charged agents for collection, . 

Total, ....... 

Balance note assets, Dec. 31, 1877, 



$59,895 68 

161,561 74 

19,177 61 

8,181 21 

13,257 65 



- $262,073 89 
. $1,839,318 99 



Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1876. 

Whole-life policies, 

Endowment policies, ..... 
All other policies, ..... 
Reversionary additions, .... 

New Policies issued in 1877. 

Whole-life policies, ..... 

Endowment policies, 

Additions by dividends, .... 

Total number and amount, . 



Number. 


Amount. 


11,052 


$35,391,742 00 


1,517 


3,345,046 00 


45 


105,365 00 


— 


116,955 00 


7. 
1,117 


2,689,036 00 


144 


316,843 00 


- 


3,241 00 



.13,875 $41,968,228 00 



Policies ceased to be in force during the Year. 



Terminated by death, 

by maturity, 
by surrender, 
by purchase, 
by change, 

Not taken, . 



Total terminated, 



Policies in force Dec. 81, 1877. 



Whole-life policies, . 
Endowment policies, . 
All other policies, 
Reversionary additions, 

Totals, 



. 201 


$615,539 00 


26 


58,114 00 


860 


2,558,427 00 


236 


728,561 00 


332 


1,179,739 00 


189 


509,299 00 


. 1,844 


$5,649,679 00 


877. 
. 10,605 


$33,142,068 00 


. 1,388 


2,968,181 00 


38 


93,265 00 


- 


115,035 00 


. 12,031 


$36,318,549 00 



Schedule A. 

Securities held as Collateral. 

Market value. Amount loaned. 

405 shares Citizens' Fire Insurance Co., . $14,985 00 $4,000 00 
180 " Broadway Bank, . . . 9,045 00 5,000 00 



70 



LIFE INSURANCE COMPANIES [Dec. 31, 



100 shares People's Bank, 

Third Avenue R.R. bond, . 

500 shares Lake-Shore R.R , . 

300 " N.Y. Cent, and Hud. R. R.R 

1,000 " Lake-Shore R.R., . 

1,500 " Western Union, . 

600 « N.Y. Cent, and Hud. R. R.R 

100 " Lake- Shore R.R., . 

L T nited States 5-20 bonds, . 

208 shares Harlem R.R , preferred, 
United States 5-20 bonds, . 
10 shares Panama R.R., 
500 " N.Y. Cent, and Hud. R. R.R 
200 « N.Y. Cent, and Hud. R. R.R 
130 " Harlem Gas Co., . 
Lake Shore bonds, .... 
600 shares N.Y. Cent, and Hud. R. R.R. 
900 " Western Union Tel. Co., 
200 " N.Y. Cent and Hud. R. R.R. 
16 u Merchants' Exchange Bank, 
15 " Metropolitan Bank, 
35 " Bank of the Republic, 
L. Shore and Mich. So. R.R. 2d mort. bds 
100 shares Lake- Shore R.R., . 
10 " Metropolitan Gas Co., 
20 " Union Trust Co., . 
40 " Citizens' Bank, 
Union Pacific Sinking-Fund bond, 
100 shares People's Bank, 
89 " Manhattan Co., . 
20 " Bank of Commerce, 
4,000 " Western Union Tel. Co. 
New- York city rev. bond, . 
Westchester town bond, 
Westchester county bond, . 
1,065 shares Butchers' and Drovers' Bank 
750 " Citizens' Bank, 
300 " Harlem R.R. preferred, 
10 " N. Y. Guar, and Indem. Co. 
1,500 " N. Y. Cent, and Hud. R. R.R 
990 " Harlem R.R., 
200 " N.Y.,N.H.,andHartf'dR.R 
275 " N.Y.,N.H.,andHartf'dR.R 

60 " Harlem R.R., 
175 " Shoe and Leather Bank, 
220 " Brooklyn Gas Co., . 
Erie Long Dock bonds, 
390 shares Citizens' Bank, 
31 " Eighth Avenue R.R., 



Market value. 

$3,150 00 
1,010 00 
30,500 00 > 
31,875 00 J 
61,000 00 
115,875 00 j 
63.750 00 C 
6,100 00) 
14,770 00 ) 
14,872 00 > 
1,055 00 ) 
1,260 00) 
53,125 00 
21,250 00 
6,500 00 
8,280 00 
63,750 00) 
69,520 00 > 
21,250 00 
744 00 * 
2,010 00 [ 
3,217 50 ) 
275,400 00 
6.100 00 
1,330 00 

2,330 oo y 

1,080 00 j 
942 50 J 

3,150 00 \ 

6,052 00 C 

2,540 00) 
309,000 00 
200,000 00 

6,240 00^1 
15,900 00 I 
28,755 00 [ 
20,250 00 j 
21,450 00) 

1,000 00 i 

159,375 00 \ 

70,166 25 C 

30,700 00 ) 

42,212 50 

4,252 50 
21,000 00 

9,075 00 

2,200 00 
10.530 00) 

5,440 00 i" 



Amount loaned. 

$2,500 00 
750 00 

50,000 00 
50,000 00 

150,000 00 

25,000 00 

1,800 00 

40,000 00 

16,000 00 

5,000 00 

7,000 00 

65,000 00 
17,000 00 

5,883 17 

200,000 00 

10,000 00 



9,882 00 

260,000 00 
200,000 00 

54,000 00 
15,661 04 

200,000 00 

30,000 00 
3,500 00 

17,500 00 
6,000 00 
1,800 00 

11,000 00 



1877.] 



OF OTHER STATES. 



71 



100 shares Third Avenue R.R., 

100 " Citizens' Bank, 
29 " N. Y. National Exch. Bank, 
15 " Metropolitan Gas Co., . 



Market value. Amount loaned. 

$13,000 00 ) * 12 goo 00 
2,700 00 \ 

2,784 00 2,500 00 

1,995 00 1,500 00 



$1,895,843 25 $1,481,076 21 



United States bonds, 

N. Y. city soldiers' bounty bonds, 

Brooklyn public park loan, 

Virginia State bonds, 

Westchester county bonds, 

50 shares Bank of Commerce, . 



Schedule B. 

Stocks and Bonds owned by the Company. 

Cost value. 

$1,027,484 33 



8,613 00 

100,500 00 

4,500 00 

63,138 56 

4,460 00 



Market value. 

$964,929 25 

9,222 00 

116,500 00 

4,493 50 

65,720 00 

6,250 00 



$1,208,695 89 $1,167,114 75 



METROPOLITAN LIFE INSURANCE COMPANY OF 

NEW YORK. 

[Incorporated June, 1866. Commenced business June, 1867.] 

Paid-up Capital, $200,000. 

President, Joseph F. Knapp. Vice-PresU and Sec'y, John R. Hegemex. 

Principal Office, cor. Church Street and Park Place. 



Income. 

Total premium income, 

Cash received for interest on stocks, bonds, and loans, 

for interest on other debts due the company, 
for rents of company's property, . 



Total income, 

Net or ledger assets, Dec. 31, 1876, . 
Less sundry contingent items and deprec'n, 



.,918,975 72 
142,437 84 



$737,129 61 

78,174 86 

2,120 40 

26,718 96 

$844,143 83 



1,776,537 88 



Total, $2,620,681 71 



Disbursements. 

Cash paid for losses and additions, 
Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments, 



$203,115 56 
3,281 44 
6,870 19 
2,285 81 

$215,553 00 



72 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash paid for surrendered policies, .... 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse, 

Cash dividends paid policy-holders, applied in payment of 

premiums, ........ 



Total paid policy-holders, 

Cash paid for commissions to agents, .... 

for salaries and travelling expenses of agents, 

for medical examiners' fees, 

for salaries of officers and office employes, . 

for taxes and fees, 

for rent, 

for other items; viz., office, agency, and iqci 
dental expenses, 

Total disbursements, 



Balance, 

Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, .... 

Loans on mortgage of real estate (first liens), 

Loans on collateral security (schedule A), . 

Premium notes or loans on policies in force, 

Par value of stocks and bonds owned (schedule B) , 

Cash in company's office, 

Cash deposited in bank, 

Commuted commissions, 

Furniture and fixtures, 

Agents' ledger balances, 

Ledger assets (as per balance), 



8195,194 48 
170,726 66 

16,117 00 

8597,591 14 
70,834 27 
7,563 57 
5,282 10 
33,017 06 
12,338 23 
11,471 78 

40,075 59 
1778,173 74 

81,842,507 97 



8274,691 06 

707,200 00 

66,463 82 

311,509 51 

415,000 00 

3,227 57 

10,994 31 

10,663 69 

7,224 61 

35,533 40 

81,842,507 97 



Other Assets. 
Interest due and accrued, .... 
Rents due and accrued, .... 
Market value of real estate, over cost, 
Market value of stocks and bonds, over par, 
Uncollected premiums on policies in force, . 
Deferred premiums on policies in force, 



8131,512 68 
148,406 46 



18,067 38 

1,504 57 

18,308 94 

36,6S0 00 



Total, 8279,919 14 

Deduct loading (20 per cent), . . . 55,983 83 

Net am't of uncollected and deferred premiums, 223,935 31 



Total assets per company's books, 



. $2,141,004 17 



1877.] OF OTHER STATES, 73 

Items not Admitted. 

Furniture and fixtures, $7,224 61 

Commuted commissions, 10,663 69 

Agents' balances, 35,533 40 

Total, $53,421 70 

Total admitted assets, . ..... .$2,087,58247 

Liabilities. 
Computed premium reserve or net present value of all out- 
standing policies (actuaries' 4 per cent), . . .$1,719,541 00 
Death losses and mat'd endowm'ts in process of adjustm't, 73,843 00 
Unpaid dividends of surplus due policy-holders, . . 471 00 
Deferred and unpaid premiums, premium liens 

in excess of reserve, ..... $57,472 00 
Premiums paid in advance, .... 22,138 26 
All other liabilities, 11,350 00 



90,960 26 



Liabilities as to policy-holders, ..... $1,884,815 26 
Surplus as regards policy-holders, .... 202,767 21 

Gross liabilities, $2,087,582 47 

Premium Note Account. 

Premium notes on hand Dec. 31, 1876, . $365,689 26 

Premium notes or loans received during 1877, 122,114 16 

Total, $487,803 42 

Used in payment of losses and claims, . . $5,567 25 
Used in payment of surrendered policies, and \ 

voided by lapse, C 170,726 66 

Used in paym't of divid'ds to policy-holders, ) 

Total, 176,293 91 



Balance note assets, Dec. 31, 1877, .... $311,509 51 

Exhibit of Policies. 
Policies and Additions in force Dec. 81, 1876. 

Number. Amount. 

Whole-life policies, 16,049 $23,164,378 00 

Endowment policies, 1,441 1,044,707 00 

All other policies, 18 14,679 00 

New Policies issued in 1877. 

Whole-life policies, 2,199 2,135,895 00 

Endowment policies, 78 35,316 00 

Old Policies revived during the Year. 

Whole-life policies, 116 211,000 00 

Endowment policies, 12 9,231 00 



Total number and amount, . . . 19,913 $26,615,206 00 

10 



74 



LIFE INSURANCE COMPANIES [Dec. 31, 



Policies ceased to be in force during the Year. 



Terminated by death, 

by maturity, . 

by surrender, . 

by lapse, . 

by change and decrease, 
Not taken, .... 

Total terminated, 



Number. 


Amount. 


167 


16,397 00 


8 


9,156 00 


1,523 


1,589,565 00 


5,711 


7,434,027 00 


183 


334,500 00 


371 


504,747 00 



7,963 810,078,392 00 



Policies in force Dec. 31, 1877. 

Whole-life policies, 10,821 815,793,933 00 

Endowment policies, 1,111 2 00 

All other policies, 18 14,679 00 



Totals, 



11,950 816,536,814 00 



Schedule A. 
Securities held as Collateral. 



Brooklyn city bonds, . 



Schedule B 
Stocks and Bonds owned by 



United States bonds. . 

Gowanus canal improvement bonds, 

Brooklyn public park bonds, 

Ocean Park way improvement bonds, 

Peekskill water bonds, 

Rochester water loan, 

New- York city consolidated stock, 

Rochester city bonds, 

Lockport city bonds, . 



Market value. 

86S,440 00 



the Company. 
Par value. 

8183,000 00 
1,000 00 
33,000 00 
25,000 00 
25,000 00 
3S,000 00 
25,000 00 
45,000 00 
40,000 00 



Amount loaned. 

866,463 82 



Market value. 

$193,730 00 
1.050 00 
38,940 00 
27,625 00 
28,000 00 
42,560 00 
25,375 00 
50,400 00 
44,000 00 



8415,000 00 8451,680 00 



MUTUAL LIFE INSURANCE COMPANY OF NEW YORK. 

[Incorporated April, 1842. Commenced business Feb. 1, 1S43.] 

President, F. S. Winston. Vice-President, R. A. McCurdy. 

Secretary, Isaac F. Lloyd. Actuary, W. H. C. Bartlett, LL.D. 



Income. 

Total premium income, 

Cash received for interest on stocks, bonds, and loans, 



814,030,153 41 
. 4,758,567 62 



1877.] 



OF OTHER STATES. 



75 



Cash received for interest on other debts due the company, $45,383 45 
for rents of company's property, . . . 59,851 88 

for profits on bonds, stocks, or gold sold, . 18,504 37 



Total income, .... 
Net or ledger assets, Dec. 31, 1876, . 



Total, 



Disbursements. 



Cash paid for losses and additions, 

paid for matured endowments and additions, 

Total amount paid for losses and endowments, 
Cash paid to annuitants, ..... 
for surrendered policies and additions, 
dividends paid policy-holders, . 

Total paid policy-holders, .... 
Cash paid for commissions to agents, 
for medical examiners' fees, 
for salaries of officers and office employes, 
for taxes and fees, .... 

for rent, 

for commuting commissions, 
for advertising, ..... 
for contingent guarantee account, 
for agency and incidental expenses, . 

Total disbursements, 

Balance, 



Invested in the following: — 

Assets as per Ledger Accounts 

Cost value of real estate, ..... 
Loans on mortgage of real estate (first liens), . 
Cost value of stocks and bonds owned (schedule A), 
Cash in company's office and deposited in bank, 
Cash in course of transmission (since received), 
Agents' ledger balances, ..... 

Ledger assets (as per balance), . 

Other Assets. 

Interest due and accrued, 

Market value of stocks and bonds over cost, 



$18,912,460 73 
. 79,526,900 87 

$98,439,361 60 



. $3,634,910 27 
. 1,077,389 90 

. $4,712,300 17 

31,979 59 

. 5,636,659 15 

. 3,568,161 57 

$13,949,100 48 
379,873 93 

38,821 38 

389,679 86 

238,968 25 

6,000 00 

223,328 23 

73,069 79 
494,918 71 
289,922 70 

$16,083,683 33 



$82,355,678 27 



*$5,725,035 65 
58,152,733 88 
16,676,200 81 
1,701,622 87 
67,969 92 
32,115 14 

$82,355,678 27 



1,438,647 92 
233,410 36 



* Not including sum charged to contingent guarantee account in disbursements. 



76 LIFE INSURANCE COMPANIES [Dec. 31, 

Uncollected premiums on policies in force, . $153,768 13 
Deferred premiums on policies in force, . 851,813 52 



Total, 81,005,581 65 

Deduct loading (25 per cent), . . . 251,395 41 

Net am't of uncollected and deferred prem's, 3754,186 24 

Total assets per company's books, . . . $84,781,922 79 

Items not Admitted. 
Agents' balances, 32,115 14 



Total admitted assets, $84,749,807 65 

Liabilities. 
Computed premium reserve or net present value of all out- 
standing policies (actuaries' 4 per cent), . . $78,555,100 00 
Death losses due and unpaid, . . . $47,938 00 
Death losses and matured endowments in process 

of adjustment, 438,849 00 

Claims resisted by the company, . . 146,136 00 

Total policy claims, .... 632,923 00 

Premiums paid in advance, 217,561 00 

Liabilities as to policy-holders, .... 879,405,584 00 
Surplus as regards policy-holders, .... 5,344,223 65 

Gross liabilities, 884,749,807 65 

Estimated surplus accrued on tontine or 
other policies, the profits upon which are 
especially res'ved for that class of policies, $97,085 00 

Exhibit of Policies. 

Policies and Additions in force Dec. 31, 1876. 

Number. Amount. 

Whole-life policies, 74,047 $231,288,539 00 

Endowment policies, 17,943 44,731,501 00 

All other policies, 135 151,875 00 

New Policies issued in 1877. 

Whole-life policies, 6,552 15,500,220 00 

Endowment policies, 1,037 2,106,680 00 

All other policies, 1 1,000 00 

Old Policies revived during the Year. 

Whole-life policies, 745 $2,418,990 00 

Endowment policies, 159 376,540 00 

Additions by dividends in force, ... - 25,164,612 00 

Total number and amount, .... 100,619 $321,769,957 00 



1877.] OF OTHER STATES. 

Policies ceased to be in force during the Year. 



77 



Terminated by death, 

by maturity, . 

by expiry, 

by surrender and lapse, 

by decrease, . 

Not taken, .... 



Number. Amount. 

938 $3,075,700 00 

318 904,214 00 

10 15,500 00 

7,157 21,157,922 00 

218,435 00 

643 1,909,875 00 



Total terminated, 9,066 $27,281,646 00 

Policies in force Dec. 31, 1877. 



Whole-life policies, 
Endowment policies, . 
All other policies, 

Totals, 



. 74,603 $249,625,182 00 

. 16,830 44,709,439 00 

120 153,690 00 



. 91,553 $294,488,311 00 



Schedule A. 



Stocks and Bonds owned 



United States bonds, . 

Cherry- Valley bonds, 

Yonkers city bonds, . 

New- York city and revenue bonds, 

Buffalo city bonds, 

Elmira city bonds, 

Missouri State bonds, 

Boston water bonds, . 

San Francisco gold bonds, 

Providence gold bonds, 

Union county (N.Y.) bonds, 

North-Plainfield town bonds, 

Massachusetts bonds, 

Indianapolis warrants, 

Brooklyn bridge bonds, 

Brooklyn city bonds, . 

Brooklyn park bonds, 

Brooklyn city bonds, . 

Newark bonds, . 

Texas, 

New-Brunswick (N.J.) bonds, 

Middlesex county (N.J.) bonds, 



by the Company. 
Cost value. 

$8,518,099 25 

50,000 00 

128,250 00 

2,412,587 50 

140,500 00 

56,666 25 

225,025 00 

1,111,250 00 

637,528 71 

537,500 00 

56,463 00 

5,500 00 

170,025 00 

300.000 00 
211,460 00 
100,592 00 
815,559 00 

107.001 60 
554,896 00 
525,000 00 

6,747 50 
5,550 00 



Market value. 

£8,586,567 12 

52,315 95 

133,274 90 

2,603,000 00 

150,403 40 

57,680 80 

230,587 50 

1,095,000 00 

631,241 00 

532,500 00 

58,277 00 

5,500 00 

164,250 00 

300,000 00 

216,000 00 

100,000 00 

801,660 00 

107,300 00 

541,756 00 

530,000 00 

6,747 50 

5,550 00 



$16,676,200 81 $16,909,611 17 



78 



LIFE INSURANCE COMPANIES [[Dec. 31, 



MUTUAL BENEFIT LIFE INSURANCE COMPANY OF 

NEWARK, N.J. 

[Incorporated Jan. 31, 1845. Commenced business April, 1845.] 

President, Lewis C. Grover. Vice-President, James B. Pearson. 

Secretary, Edward A. Strong. Actuary, Bloomfield J. Miller. 

Principal Office, 752 Broad Street. 



Income. 

Total premium income, 

Cash received for interest on stocks, bonds, and loans, 

as discount on claims paid in advance, . 

for rents of company's property, . 

for profits on bonds, stocks, or gold soil, 

Total income, 

Net or ledger assets, Dec. 31,1876, .... 



Total, 



Disbursements. 
Cash paid for losses and additions, 
Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 



. 81,508,315 79 

. 2,002,457 38 

3,183 73 

3,031 25 

4,178 94 

. 86,521,167 09 
. 31,317,821 48 

S37,S38,988 57 



$1,809,042 59 

111,965 37 

90,734 53 

13,300 47 



Total amount paid for losses and endowments, . 

Cash paid to annuitants, 

for surrendered policies, .... 

Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse, 

Cash dividends paid policy-holders, .... 
Premium notes or loans used in payment of dividends, 

Total paid policy-holders, . 
Cash paid for commissions to agents, 

for salaries and travelling expenses of agents, 

for medical examiners' fees, 

for salaries of officers and office employes, . 

for taxes and fees, 

for furniture and office fixtures, . 

for advertising and incidental expenses, 

for deficiency and expense of foreclosure sales, 

for premiums on bonds purchased, 

Total disbursements, 

Balance, 



82,025,042 96 
3,718 50 

802,379 47 

302,367 28 
1,453,480 02 

86,984 72 

$4,673,972 95 
| 301,611 70 

25,239 17 

83,751 S9 

62,686 66 

3.240 77 

105,703 62 

16,448 09 

314,203 76 

85,5S6,S5S 61 
$32,252,129 96 



1877.] 



OF OTHER STATES. 



79 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, .... 
Loans on mortgage of real estate (first liens), 
Premium notes or loans on policies in force, 
Par value of stocks and bonds owned (schedule A), 
Cash in company's office, . 

deposited in bank, 

in transit (since received), 
Agents' ledger balances, . 

Ledger assets (as per balance) , 



$294,372 23 

12,410,094 09 

5,310,178 64 

13,551,141 73 

9,851 08 

559,918 32 

73,207 08 

43,366 79 

$32,252,129 96 



Other Assets 

Interest due and accrued, .... 
Market value of stocks and bonds, over par, 
Uncollected premiums on policies in force 
Deferred premiums on policies in force, 

Total,. ..... 

Deduct loading (20 per cent) , . 

Net amt. of uncoil' d and def 'd prems. 

Total assets per company's books, 



$92,780 34 
119,947 60 

$212,727 94 
42,545 59 



716,970 59 
1,203,128 75 



- 170,182 35 
$34,342,411 65 



Items not Admitted. 
Agents' balances, 

Total admitted assets, .... 



43,366 79 

$34,299,044 86 



Liabilities. 
Computed premium reserve or net present value of all out- 
standing policies (actuaries' 4 per cent), . . $30,084,187 00 
Death losses and matured endowments in 

process of adjustment, .... $443,151 00 
Claims resisted by the company, . . 50,000 00 

Total policy claims, .... 493,151 00 

Unpaid dividends of surplus due policy-holders, . . 206,207 16 
Premiums paid in advance, .... 



Liabilities as to policy-holders, . 
Surplus as regards policy-holders, 

Gross liabilities, .... 



16,195 95 

$30,799,741 11 
. 3,499,303 75 

$34,299,044 86 



Premium Note Account. 

Premium notes on hand Dec. 31, 1876, . $5,647,079 98 
Premium notes or loans received during 1877, 177,716 50 



Total, . 



$5,824,796 48 



80 LIFE INSURANCE COMPANIES [Dec. 31, 

Used in payment of losses and claims, . $125,265 84 
Used in payment of surrendered policies, 

and voided by lapse, .... 302,367 28 

Used in paym't of divid's to policy-holders, 86,984 72 

Total, 514,617 84 



Balance note assets, Dec. 31, 1877, .... $5, 310, 178 64 

Exhibit of Policies. 

Policies and Additions in force Dec. 31, 1876. 

Number. Amount. 

Whole-life policies, 39,998 8123,436,879 00 

Endowment policies, 3,271 8,287,906 00 

All other policies, 38 122,200 00 

New Policies issued in 1877. 

Whole-life policies, 2,982 6,248,490 00 

Endowment policies, 223 600,565 00 

All other policies, 8 18,500 00 

Old Policies revived during the Year. 

Whole-life policies, 48 110,906 00 

Endowment policies, 3 8,750 00 

Old Policies increased during the Year. 

Whole-life policies, 4 24,680 00 

Endowment policies, 2 5,000 00 



Total number and amount, .... 46,577 $138,863,876 00 
Policies ceased to be in force during the Year. 



Terminated by death, 


524 


81,723,266 00 


by maturity, . 


35 


104,535 00 


by surrender, . 


619 


1,895,077 00 


by lapse, .... 


. 1,270 


3.258,737 00 


by change and decrease, . 


. 1,091 


5,059,841 00 


Not taken, 


. 242 


629,375 00 



Total terminated, 3,781 812,670,S31 00 

Policies in force Dec. 31, 1877. 

Whole-life policies, 39,546 8118,271,045 00 

Endowment policies, 3,221 7,S26,400 00 

All other policies, 29 95,600 00 

Totals, 42,796 8126,193,045 00 



1877.] 



OF OTHER STATES. 



81 



Schedule 
Stocks and Bonds owned 



United States bonds, . 
Brooklyn city bonds, . 
Newark city bonds, . 
Elizabeth city (N.J.) bonds, 
Rah way city (N. J.) bonds, 
Utica city (N.Y.) bonds, . 
Springfield city (111.) bonds, 
Orange city (N.J.) bonds, . 
Auburn city (N.Y.) bonds, 
Jersey city bonds, 
Dayton city (Ohio) bonds, . 
Cleveland city (Ohio) bonds, 
New-Brunswick city (N.J ) bonds, 
Erie city (Pa.) bonds, 
Toledo city (Ohio) bonds, . 
South-Bend city (hid.) bonds, 
Lafayette city (Ind.) bonds, 
Sandusky city (Ohio) bonds, 
Dover city (N.J.) bonds, . 
Essex county (N.J.) bonds, 
Union county (N.J.) bonds, 
West-Orange township (N.J.) bonds 
East-Orange township (N.J.) bonds, 
Massachusetts State bonds, 



A. 

by the Company. 

Par value. 

$5,011,500 00 

65,000 00 

3,390,000 00 

550,000 00 

97,000 00 
145,000 00 

89,000 00 

80,000 00 
150,000 00 

50,000 00 
130,000 00 
566,500 00 

14,000 00 
152,000 00 
173,000 00 

61,500 00 
160,000 00 
100,000 00 

16,000 00 

2,148,000 00 

132,000 00 

123,000 00 

146,841 73 

800 00 



Market value. 

$5,606,633 75 

69,875 00 

3,729,000 00 

550,000 00 

97,000 00 
145,000 00 

89,000 00 

80,000 00 
150,000 00 

54,000 00 
130,000 00 
611,820 00 

14,000 00 
152,000 00 
173,000 00 

61,500 00 
160,000 00 
100,000 00 

16,000 00 

2,362,800 00 

132,000 00 

123,000 00 

146,841 73 

800 00 



$13,551,141 73 $14,754,270 48 



NATIONAL LIFE INSURANCE COMPANY OF MONTPELIER, 

VERMONT. 

[Incorporated Xov. 13, 1848. Commenced business Feb. 1, 1850.] 

Paid-up Capital, 866,000. 

President, Charles Dewey. Vice-President, Edward Dewey. 

Secretary, Geo. TV. Reed. Actuary, John B. Thurston. 

. Principal Office, State Street. 



Income. 

Total premium income, 

Cash received for interest on stocks, bonds, and loans, 

for interest on other debts due the company 
as discount on claims paid in advance, . 
for rents of company's property, . 



Total income, 
11 



$211,876 38 

97,217 18 

4,649 58 

348 72 

1,378 85 

$345,470 71 



82 



LIFE INSURANCE COMPANIES [Dec. 31, 



Xet or ledger assets, Dec. 31, 1876, . 



. si ,983,289 15 



Total, 82,328,759 86 



Disbursements. 
Cash paid for losses and additions, .... 
Premium notes or loans used in payment of same, . 
Cash paid for matured endowments and additions, 

Total amount paid for losses and endowments, . 
Cash paid to annuitants, ...... 

for surrendered policies and additions, 
Premium notes or loans used in purchase of surrendered 
policies, and voided by lapse, ..... 

Cash dividends paid policy-holders, .... 

Premium notes or loans used in payment of dividends, 

Total paid policy-holders, 

Cash paid for dividends to stockholders, 

for commissions to agents, . . 

for salaries and travelling expenses of agents, 

for medical examiners' fees, 

for salaries of officers and office employes, . 

for taxes and fees, 

for rent, ....... 

for advertising, ...... 

for office and incidental expenses, 

Total disbursements, 



Balance,' 82,039,046 09 



1113,082 45 

389 09 
12,446 00 

$125,917 54 

1,313 59 
61,258 29 

2,932 74 

50,755 15 

1,666 33 

8243,843 64 
4,620 00 
14,509 38 
6,921 09 
1,069 60 
9,833 05 
3,345 40 
1,588 35 
650 00 
3,333 26 

.713 77 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), . 
on collateral security (schedule A), 
on company's policies assigned as collateral, 
Premium notes or loans on policies in force, 
Par value of stocks and bonds owned (schedule B), 
Cash in company's office, ..... 
deposited in bank, ..... 
in transit (since received), 
Agents' ledger balances, ..... 
Vermont Mutual Fire Insurance Company's acceptances, 

Gross ledger assets (as per balance), . 
Deduct depreciation from cost of assets, . 

Total net or ledger assets, 



$183,713 17 

702,556 22 

39,403 62 

8,585 67 

26,107 71 

954,600 00 

4,493 74 

66,532 33 

1.701 57 

33,473 52 

37,341 71 

$2,058,509 26 
19,463 17 

$2,039,046 09 



1877.] 



OF OTHER STATES. 

Other Assets. 



Interest due and accrued, . 

Rents due and accrued, 

Market value of stocks and bonds, over par, 

Uncollected premiums on policies in force 

Deferred premiums on policies in force, 

Total,. . 
Deduct loading (15 per cent), . 
Net am't of uncoil, and deferred prem's, 

Total assets per company's books, 



$7,416 02 
16,281 60 

$23,697 62 
3,554 64 



83 



$53,792 24 

244 17 

30,121 25 



20,142 98 
1,143,346 73 



Items not Admitted. 



Agents' balances, 

Total admitted assets, 



33,473 52 

. 12,109,873 21 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (actuaries' 4 per cent), . . . $1,346,591 00 

Death losses due and unpaid, .... $1,000 00 

Death losses and matured endowments in pro- 
cess of adjustment, ..... 2,000 00 

Total policy claims, 3,000 00 

Unpaid dividends of surplus due policy-holders, . . 63,028 09 

Over-payments and payments in advance, .... 50,000 00 



Liabilities as to policy-holders, . 
Surplus as regards policy-holders, 

Gross liabilities, .... 



. $1,462,619 09 
647,254 12 

. $2,109,873 21 



Premium Note Account 

Pemium notes on hand Dec. 31, 1876, 
Premium notes or loans rec'd during 1877 

Total, 

Used in payment of losses and claims, 
Used in payment of surrendered policies 

voided by lapse, .... 
Used in paym't of divid's to policy-holders 
Redeemed by maker in cash, 

Total, 

Balance note assets, Dec. 31, 1877, 



. 2,846 64 






$31,507 70 


• • 


. $389 09 




5, and 




. 2,932 74 




. 1,666 33 




. 411 83 






5,399 99 




. . . . 


$26,107 71 



84 



LIFE INSURANCE COMPANIES [Dec. 31, 



Exhibit of Policies. 

Policies and Additions in force Dec. 31, 1876. 

Number. Amount. 

Whole-life policies, 4,166 §8,794,503 00 

Endowment policies, 290 473,819 00 

All other policies, 28 98,500 00 

Reversionary additions, - 73,559 00 



New Policies issued in 1877. 

Whole-life policies, 

Endowment policies, ...... 

All other policies, 

Old Policies revived during the Year. 

Whole-life policies, 

Additions by dividends, 



263 
. 9 

. 8 


734,200 00 
22,000 00 
37,780 00 


r. 
. 5 


8,885 00 
1,414 00 



Total number and amount, . 



4,769 $10,244,660 00 



Policies ceased to be in force during the Year. 



Terminated by death, 

by maturity, . 

by surrender, . 

by lapse, . 

by change and decrease, 
Xot taken, .... 

Total terminated, 



59 


1113,472 00 


8 


12,446 00 


310 


687,855 00 


141 


409,935 00 


- 


338,820 00 


35 


119,900 00 



. 553 $1,682,428 00 



Policies in force Dec. 31, 1877. 



Whole-life policies, . 
Endowment policies, . 
All other policies, 
Reversonary additions, 

Totals, 



3,922 
.271 
. 23 



87,954,465 00 

447,573 00 

90,780 00 

69,414 00 



4,216 §8,562,232 00 



Schedule A. 
Securities held as Collateral. 

Market value. 



Vermont National Bank, . 
First Xational Bank, Montpelier, 
St. Albans water bonds, . 
St. Albans Trust Co., 
Montpelier town bonds, 



§12,400 00 
. 7,950 00 
. 22,000 00 
. 4,816 00 
350 00 



Amouut loaned. 

19,300 00 
5,600 00 

20,000 00 

4,300 00 

203 62 



847,516 00 $39,403 62 






1877.] 



OF OTHER STATES. 



85 



Schedule B. 
Stocks and Bonds owned by the Company. 



United States bonds, 

New-Hampshire State bonds, 

Maine State bonds, . 

Missouri State bonds, 

Boston city bonds, 

Lawrence city bonds, . 

Worcester city bonds, 

Fitchburg city bonds, 

Chelsea city bonds, . 

Somerville city bonds, 

Beverly town bonds, . 

Burlington (Vt.) town bonds, 

Buffalo (X.Y.) city bonds, 

Columbus (O.) city bonds, 

Indianapolis (Ind.) city bonds, 

Springfield (111.) city bonds, 

Meriden (Ct.) city bonds, . 

Peoria county (111.) bonds, 

St. Louis county (Mo.) bonds, 

Montpelier (Vt.) town bonds, 

Cambridge (Vt.) town bonds, 

Essex (Vt.) town bonds, . 

Jericho (Vt.) town bonds, . 

Johnson (Vt.) town bonds, 

Wolcott (Vt.) town bonds, 

Underhill (Vt.) town bonds, 

First National Bank stock, Montpelier, 

Montpelier National Bank, 



Par value. 

$350,000 00 
. 20,000 00 
. 3,000 00 
. 11,000 00 
. 10,000 00 
. 20,000 00 
. 20,000 00 
. 60,000 00 
. 37,000 00 
. 30,000 00 
. 25,000 00 
. 60,000 00 
. 10,000 00 
. 25,000 00 
. 25,000 00 
. 15,000 00 
. 43,000 00 
. 30,000 00 
. 32,000 00 
. 30,000 00 
. 10,000 00 
. 20,000 00 
. 22,900 00 
. 2,000 00 
. 3,000 00 
. 17,000 00 
. 21,000 00 
. 2,700 00 



Market value. 

$368,001 25 
20,000 00 

3,000 00 
11,000 00 
10,000 00 
20,000 00 
20,000 00 
60,000 00 
37,000 00 
30,000 00 
25,000 00 
60,000 00 
10,000 00 
25,000 00 
25,000 00 
15,000 00 
43,000 00 
30,000 00 
32,000 00 
30,000 00 
10,000 00 
20,000 00 
22,900 00 

2,000 00 

3,000 00 
17,000 00 
31,500 00 

4,320 00 



$954,600 00 $984,721 25 



NATIONAL LIFE INSURANCE COMPANY OF THE UNITED 
STATES OF AMERICA, WASHINGTON, D.C. 

[Incorporated July 25, 1868. Commenced business Aug. 1, 1868.] 

Paid-up Capital, $1,000,000. 

President, Emerson W. Peet. Vice-President, J. Alder Ellis. 

Secretary, John M. Butler. Actuary, Emerson W. Peet. 

Principal Branch Office, Chicago, III. 

Income. 

Total premium income, $731,554 36 

Cash received for interest on stocks, bonds, and loans, . 157,025 37 
for interest on other debts due the company, 25,023 99 



86 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash received as discount on claims paid in advance, . 
for rents of company's property, . 
for profits on bonds, stocks, or gold sold, 



|102 05 

25,475 48 
1,008 01 



Total income, $940,189 26 

Net or ledger assets, Dec. 31, 1876, . . $3,984,417 87 
Less depreciation of assets in 1876-77, . 311,388 53 

3,673,029 34 



Total, 1,613,218 60 



Disbursements. 

Cash paid for losses and additions, 

Premium notes or loans used in payment of same, 

Cash paid for matured endowments and additions, 



. $206,747 33 

796 72 

1,000 00 



Gross amount paid for losses and endowments, . . $208,544 05 

Cash paid to annuitants, . . . . . . . 1,164 00 

for surrendered policies, . . . . . 77,893 47 

Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse, 6,314 95 

Cash surrender values of policies changed to p'd-up policies, 166,052 92 

Total paid policy-holders, $459,969 39 

Cash paid for dividends to stockholders, .... 100,000 00 

for commissions to agents, 47,044 45 

for salaries and travelling expenses of agents, . 19,015 16 

for medical examiners' fees, .... 6,613 09 

for salaries of officers and office employes, . . 46,491 18 

for taxes and fees, ...... 26,969 27 

for rent, ........ 8,429 24 

for advertising, 11,791 74 

Miscellaneous expenses, 53,616 93 

Total disbursements, $779,940 45 

Balance, 1,833,278 15 

Invested in the following: — 

Assets as per Ledger Accounts. 

Cost value of real estate, ....... $588,580 18 

Loans on mortgage of real estate (first liens), . . . 1,901,200 49 

on collateral security (schedule A), . . . . 377,208 88 

on company's policies assigned as collateral, . . 7,263 49 

Premium notes or loans on policies in force, . . . 49,135 41 

Cost value of stocks and bonds owned (schedule B), . . 729,922 25 

Cash in company's office, 1,049 69 

Cash deposited in banks, $154,114.16 ; with N. Y. Insurance 

Department, $532.00; and attorneys, $4,025.18, . . 158,671 34 



1877.] 



OF OTHER STATES. 



87 



Bills receivable, 
Ledger balances, 
Commuted commissions, . 
Office furniture, 

Ledger assets (as per balance) , 



Other Assets. 

Interest due and accrued, .... 
Rents due and accrued, .... 
Market value of stocks and bonds, over cost, 
Uncollected premiums on policies in force, . 
Deferred premiums on policies in force, 



$2,282 75 

3,773 67 

11,190 00 

3,000 00 

$3,833,278 15 



90,810 99 
3,174 98 
3,254 25 



$41,439 84 
59,588 35 



Total, $101,028 19 

Deduct expense of collecting, . . . 8,183 62 
Net ain't of uncollected and deferred prem's, 



Total assets per company's books, 

Items not Admitted. 
Loans on policies of Republic and Chicago Life 



92,844 57 
. $4,023,362 94 



Insurance Companies, 
Furniture and fixtures, 
Commuted commissions, 
Ledger balances, 
Bills receivable, . 
Total, . 

Total admitted assets, 



$36,082 41 

3,000 00 

11,190 00 

3,773 67 

2,282 75 



56,328 83 
,967,034 11 



Liabilities. 

Computed prem. reserve or net present value 

of all outstand'g policies (act'ries'4p. ct.), $3,434,075 00 
Deduct net value of re-insured risks,* . . 53,921 00 

Net re-insurance reserve, 
Premium obligations in excess of net values of 

their policies, 

Death losses and matured endowments in process 

of adjustment, ..... 
Claims resisted by the company, 

Total policy claims, .... 
Premiums paid in advance, 
Lapsed policies liable to restoration, . 



Liabilities as to policy-holders, . 
Surplus as regards policy-holders, 

Gross liabilities, . . . . 



$240 79 

70,710 00 
25,000 00 



-f$3,380,154 00 



95,950 79 

67,696 08 

8,799 73 

$3,552,600 60 
414,433 51 

$3,967,034 11 



* Exclusive of re-insurances in Universal and Chicago Life Insurance Companies, 
t As computed by the company (interest at 6 per cent), $2,540,342.30. 



88 LIFE INSURANCE COMPANIES [Dec. 31, 

Premium Note Account. 
Premium notes on hand Dec. 31, 1876, . $59,413 35 
Premium notes or loans received during 1877, . 14,132 60 

Total, 873,545 95 

Used in payment of losses and claims, . . 8796 72 
Used in payment of surrendered policies, and 

voided by lapse, 6,314 95 

Redeemed by maker in cash, .... 10,035 38 

Total, 17,147 05 



Balance note assets, Dec. 31, 1877, .... §56,398 90 



Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1876. 

Number. Amount. 

Whole-life policies, 8,712 818,349,838 00 

Endowment policies, 1,363 1,868,820 00 

All other policies, . » 268 755,144 00 

Reversionary additions, - - 645,199 00 



New Policies issued in 1877. 

Whole-life policies, 1,426 2,660,948 00 

Endowment policies, 218 258,525 00 

All other policies, 158 391,800 00 



Total number and amount, . . . 12,145 824,930,274 00 

Policies ceased to be in force during the Year. 

Terminated by death, 

by maturity, . 

by expiry, 

by surrender, . 

by lapse, 

by change and decrease, 

by transfer, 
Not taken, .... 

Total terminated, 2,439 $5,593,741 00 

Policies in force Dec. 31, 1877. 

Whole-life policies, 8,096 $16,246,643 00 

Endowment policies, 1,302 1,636,948 00 

All other policies, 308 823,144 00 

Reversionary additions, - 627,798 00 



105 


8211,482 00 


1 


1,000 00 


20 


54,800 00 


445 


876,383 00 


1,091 


2,2S4,709 00 


588 


1,674,850 00 


- 


17,401 00 


189 


473,116 00 



Totals, . . . . . . . 9,706 819,334,533 00 



1877.] 



OF OTHER STATES. 



89 



Schedule A. 
Securities held as Collateral. 

Market value. 

20 shares First National Bank, Nashville, . 



4 " Stone R. Nat. B'k,Murfreesboro', 
400 " First National Bank, Chicago, 

2,000 " West-Chicago Land Co., 
202 " Westinghouse Air-Brake Co., 
400 " Kirby Carpenter Co., Chicago, 

Assignment of Trust Deeds, property in Minne- 
apolis, . 

400 shares First National Bank, Chicago, . 
8 " Union Savings Bank, Cedar Rapids, 

Assignment of notes, secured by trust deeds, . 



. $2,000 00 
400 00 
. 70,000 00 
.100,000 00 
. 10,100 00 
. 40,000 00 



2,392 38 

70,000 00 

720 00 

52,556 00 



Assignment of chattel mortg. and second mortg. , 200,000 00 

100 shares First National Bank, Chicago, . 17,500 00 

Assignment of notes secured by trust deed, . 75,000 00 
25 shares First National Bank, Belvidere, . 2,500 00 

300 " West-Chicago Land Co., . . . 15,000 00 
Assignment of note, secured by trust deed, . 9,000 00 

West- Chicago park bonds, .... 10,000 00 

4,000 shares Peninsular Iron and Lumber Co., 50,000 00 
Loaned on pols. of Repub. L. Ins. Co., assign'd, - 

Loaned on pols. of Chic. L. Ins. Co., assigned, . - 



Amount loaned . 

11,800 00 

50,000 00 
50,000 00 
10,000 00 
20,000 00 

773 92 

50,000 00 

400 00 

25,000 00 

50,000 00 

10,000 00 

15,000 00 

1,000 00 

7,500 00 

946 00 

9,000 00 

27,000 00 

43,986 67 

4,802 2J 



$727,168 38 8377,208 88 



Schedule B. 
Stocks and Bonds owned by 

United States bonds, .... 
Chicago park bonds, .... 
Cedar Rapids bridge bonds (Iowa), . 
Arapahoe county bonds (Col.), . 
Fond du Lac city bonds (Wis.) . 
Chicago certificates of indebtedness, . 
Cicero town bonds (111.) 
Clinton city bonds (Iowa), 
Mt. Pulaski school bonds (Iowa), 
Chicago and North- Western R.R. bonds, 
Excelsior Life Insurance Co. stock, . 
Detroit Car Loan Co. stock, 



the Company. 

Cost value. 

$456,454 75 

134,677 50 

1,000 00 

750 00 

25,000 00 

50,000 00 

4,180 00 

9,000 00 

12,360 00 

20,000 00 

15,000 00 

1,500 00 



Market value. 

8448,866 50 

144,000 00 

1,000 00 

750 00 

25,000 00 

50,000 00 

4,200 00 

9,000 00 

12,360 00 

22,250 00 

15,000 00 

750 00 



12 



$729,922 25 $733,176 50 



90 



LIFE INSURANCE COMPANIES [Dec. 31, 



NEW-YORK LIFE INSURANCE COMPANY OF NEW YORK. 

[Incorporated 1841. Commenced business 1845.] 

President, Morris Franklin. Vice-President, Wm. H. Beers. 

Principal Office, 3^6 Broadway. 

Income. 

Total premium income, $5,722,264 09 

Cash received for interest on stocks, bonds, and loans, . 1,755,311 98 
for interest on other debts due the company, 45,307 44 
for rents of company's property, . . . 51,501 08 



Total income, .... 

Ledger assets, Dec. 31, 1876, 

Deduct unrealized assets, as per statement 

of 1876, 



".574,384 59 



2,730,898 20 



858,281 23 



31,872,616 97 



Total, '.447,001 56 

Disbursements. 

Cash paid for losses and additions, . . . . . $1,667,304 88 

Premium notes or loans used in payment of same, . . 17,323 51 

Cash paid for matured endowments and additions, . . 184,760 54 

Premium notes or loans used in payment of same, . . 399 58 



Gross amount paid for losses and endowments, 
Received for losses and claims on policies re-insured, 

Net amount paid for losses and endowments, 
Cash paid to annuitants, ..... 

for surrendered policies, 
Premium notes or loans used in purchase of surrendered 
policies, and voided by lapse, .... 

Cash dividends paid policy-holders, applied in payment of 
premiums, ........ 

Premium notes or loans used in payment of dividends, 

Total paid policy-holders, ..... 
Cash paid for commissions to agents, .... 

for salaries and travelling expenses of agents, 

for medical examiners' fees, 

for salaries of officers and office employes, . 

for taxes and fees, 

for advertising, . . • . 

for incidental expenses, .... 
Reduction of premium on stocks and bonds, 8223,142 72 
Possible depreciation of real estate, . . 250,000 00 



9,788 51 

46,500 00 

$1,823,288 51 

122,633 73 

928,100 76 

52,810 85 



1.420,546 87 
20,388 88 

$4,367,769 60 

358,861 34 

50,000 00 

38,512 97 

180,347 05 

59,697 5S 

81,835 56 

263.297 43 



Total disbursements, . 
Balance, 



473,142 72 
. 85,873,464 25 
833,573,537 31 



1877.] OF OTHER STATES. 91 

Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, $3,600,268 07 

Loans on mortgage of real estate (first liens), . . . 15,379,202 23 

Premium notes or loans on policies in force, . . . 695,234 74 

Cost value of stocks and bonds owned (schedule B), . . 12,875,584 69 
Cash in company's office, deposited in bank, and in course 

of transmission, 1,216,301 61 

Agents' ledger balances, ....... 56,945 97 



$33,823,537 31 
Possible depreciation of assets, 250,000 00 



Total net or ledger assets (as per balance), . . $33,573,537 31 

Other Assets. 

Interest due and accrued, 305,924 54 

Rents due and accrued, ....... 9,970 81 

Market value of stocks and bonds, over cost, . . . 504,345 64 
Uncollected premiums on policies in force, $167,183 37 
Deferred premiums on policies in force, . 396,289 26 



Total, $563,472 63 

Deduct loading (20 per cent), . . . 112,694 53 

Net am't of uncoil, and defer'd prem's, 450,778 10 



Total assets per company's books, . . . $34,844,556 40 

Items not Admitted. 
Agents' balances, 56,945 97 



Total admitted assets, $34,787,610 43 

Liabilities. 
Computed prem. reserve or net pres't val. of 

all outst'd'g policies (actuaries' 4 per ct.), $30,499,088 00 
Deduct net value of re-insured risks, . . 167,863 00 

Net re-insurance reserve, 
Death losses and matured endowments in 

process of adjustment, . 
Claims resisted by the company, 

Total policy claims, 
Premiums paid in advance, 



Liabilities as to policy-holders, . 
Surplus as regards policy-holders, 



$30,331,225 00 



$417,867 32 
43,100 00 

460,967 32 

17,420 91 



$30,809,613 23 
3,977,997 20 



Gross liabilities, $34,787,610 43 



92 



LIFE INSURANCE COMPANIES [Dec. 31, 



Premium Note Account. 
Premium notes on hand Dec. 31, 1876, . $781,585 39 
Premium notes or loans received during 1877, . 19,692 61 
Total, 

Used in payment of losses and claims, . $17,723 09 
Used in payment of surrendered policies, and 

voided by lapse, 52,810 85 

Used in payment of divid's to policy-holders, . 20,388 88 

Redeemed by maker in cash, . .. . .15,120 44 

Total, 

Balance note assets, Dec. 31, 1877, .... 



8801,278 00 



106,043 26 
8695,234 74 



Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1876. 

Number. Amount. 

Whole-life policies, 36,437 8105,441,392 00 

Endowment policies, 8,728 20,051,534 00 

All other policies, 256 77,590 00 

Reversionary additions, - 2,177,957 00 

New Policies issued in 1877. 

Whole-life policies, 5,175 14,852,003 00 

Endowment policies, 1,219 3,613,237 00 

All other policies, 136 25,500 00 



Old Policies revived during the Year. 

Whole-life policies, 64 

Endowment policies, ...... 3 

Old Policies increased during the Year. 

Whole-life policies, - 

Endowment policies, ...... - 

Additions by dividends, - 



188,730 00 
3,500 00 



27,500 00 

38,737 00 

1,407,432 00 



Total number and amount, . 



. 52,018 8147,905,112 00 



Policies ceased to be in force during the Year. 
Terminated by death, 566 81,690,136 00 



by maturity, . 


64 


179,827 00 


by expiry, 


5 


7,335 00 


by surrender, . 


. 1,949 


6,893,242 00 


by lapse, 


. 3,089 


8,063,799 00 


by change and decrease, . 


. 


503,815 00 


Not taken, 


740 


2,665,071 00 



Total terminated, 



6,413 820,003,225 00 



1877.] 



OF OTHER STATES. 



93 



Policies in force Dec. 31, 1877. 



Whole-life policies, . 
Endowment policies, . 
All other policies, 
Reversionary additions, 

Totals, 



Number. Amount. 

36,374 $104,89(3,249 00 

8,854 20,594,511 00 

377 93,590 00 

2,317,537 00 



45,605 6127,901,887 00 



Schedule A. 



Stocks and Bonds owned 

Merchants' Bank stock, 

Bank of America stock, 

Bank of Republic stock, . 

American Exchange Bank stock, 

Metropolitan Bank stock, . 

Delaware and Hudson Canal stock, 

N.Y. Cent, and Hud. Riv. R.R. bonds, 

Xew-York and Harlem bonds, . 

Delaware and Hudson Canal bonds, 

East-Chester bonds, . 

Brooklyn city bonds, . 

Flushing water bonds, 

Rensselaer and Saratoga R.R. bonds, 

Jersey- City city bonds, 

Yonkers town bonds, 

United States bonds, 

New- York city and county bonds, 

Xewark city bonds, . 

Richmond city bonds, 

Georgia State bonds, . 

Alabama State bonds, 

South-Carolina State bonds, 

Mississippi State warrants, 

Missouri State bonds, 

Tennessee State bonds, 

Buffalo city bonds, . 



by the Company. 
Cost value. 

815,758 75 

8,484 00 

935 00 

10,125 00 

3,753 75 

33,680 00 

1,019,382 50 

1,074,075 00 

250,000 00 

31,390 00 

1,655,919 80 

77,600 00 

9,519 92 

551,425 00 

178,479 16 

4,440,938 75 

2,885,737 35 

300,975 00 

46,250 00 

2,730 00 

15,840 00 

9,200 00 

15,285 71 

104,000 00 

7,600 00 

126,500 00 



Market value. 

815,960 00 

10,626 00 

935 00 

10,600 00 

4,736 00 

33,680 00 

1,182,500 00 

1,178,333 33 

250,000 00 

31,665 00 

1,691,730 00 

80,000 00 

10,035 00 

553,830 00 

190,850 00 

4,499,260 00 

2,977,122 50 

300,975 00 

59,000 00 

3,780 00 

20,400 00 

15,812 50 

20,000 00 

104,000 00 

7,600 00 

126,500 00 



812,875,5S4 69 813,379,930 33 



94 



LIFE INSURANCE COMPANIES [Dec. 31, 



NORTH-WESTERN MUTUAL LIFE INSURANCE COMPANY OF 
MILWAUKEE, WISCONSIN. 

[Incorporated March, 1857. Commenced business Nov. 25, 1858.] 

President, H. L. Palmer. Vice-President, Matthew Keexax. 

Secretary, Willard Merrill. Actuary, Emory McClintock. 



Income. 

Total premium income, . .... 

Cash received for interest on stocks, bonds, and loans, 

for interest on other debts due the company, 
as discount on claims paid in advance, 
for rents of company's property, . 

Total income, ...... 

Net or ledger assets, Dec. 31, 1876, . 



Total, 



Disbursements. 

Cash paid for losses and additions, 
Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 



$2,292,341 35 

1,374,302 88 

36,970 18 

20 80 

7,451 90 

33,711,087 11 

17,177,137 54 

820,888,224 65 



1710,239 02 

53,645 84 

320,453 93 

98.242 03 



Total amount paid for losses and endowments, . 

Cash paid for surrendered policies, .... 

Premium notes or loans used in purchase of surrendered 
policies, and voided by lapse, 

Cash surrender values, including re-converted additions ap- 
plied in payment of premiums, .... 

Cash dividends paid policy-holders, .... 

Premium notes or loans used in payment of dividends, 

Total paid policy-holders, 

Cash paid for commissions to agents, 

for salaries and travelling expenses of agents, 

for medical examiners' fees, 

for salaries of officers and office employes, . 

for taxes and fees, 

for rent, 

for commuting commissions, 

for furniture and office fixtures, 

for advertising, ...... 

for office and incidental expenses, 
for profit and loss account, 

Total disbursements, 

Balance, 



81, 182,580 82 

401,710 92 

353,497 15 

74,151 84 

312,906 46 

566,820 38 

$2,891,667 57 

145,571 22 

46,584 36 

10,141 43 

109,763 33 

25,168 13 

9,514 64 

13,520 00 

1,417 89 

13,259 16 

89,883 74 

14,979 85 

83,371,471 32 

817,516,753 33 



1877.] 



OF OTHER STATES. 



95 



Invested in the following: — 

Assets as per Ledger Accounts. 

Cost value of real estate, .... 

Loans on mortgage of real estate (first liens), 

Premium notes or loans on policies in force, 

Cost value of stocks and bonds owned (schedule A), 

Cash in company's office, 

Cash deposited in bank, 

Bills receivable, 

Ledger balances, 

Office furniture, 



Ledger assets (as per balance), . 
Deduct depreciation from cost of assets, . 

Total net or ledger assets, . 

Other Assets. 
Interest due and accrued, .... 
Rents due and accrued, .... 
Market value of stocks and bonds, over cost, 
Uncollected premiums on policies in force, . 
Deferred premiums on policies in force, 



1,189 58 

12,308,252 83 

3,262,958 39 

732,716 15 

* 106,482 62 

158,195 99 

14,761 54 

57,696 23 

7,500 00 

$17,516,753 33 
189,328 00 



• 


$17,327,425 33 






615,456 


68 


. . 


. 


395 


84 


. . 


. 


3,546 


35 


$81,973 00 






219,937 


25 







Total, $301,910 25 

Deduct loading (25 per cent), . . . 75,477 55 
Net am't of uncollected and deferred premiums, 



Total assets per company's books, 



- 226,432 70 
$18,173,256 90 



Items not Admitted. 



Furniture and fixtures, 
Ledger balances, 
Bills receivable, 
Total, . 

Total admitted assets, 



. $7,500 
. 57,696 
. 14,761 



00 
23 
54 



$79,957 77 
$18,093,299 13 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (actuaries' 4 percent), . 

Matured endowments due and unpaid, . -» 

Death losses and matured endowments in V $150,208 09 
process of adjustment, . . . .J 

Claims resisted by the company, . . . 48,500 00 
Total policy claims, ..... 



$15,231,058 00 



198,708 09 



* Including $49,338.57 in course of transmission (since received). 



96 LIFE INSURANCE COMPANIES [Dec. 31, 

Unpaid dividends of surplus due policy-holders, . . 85,000 00 
All other liabilities: Premiums paid in advance, $14,885 29 
Accrued commissions, . 2,500 00 

Reserve on lapsed policies, 15,322 00 

32,707 29 



Liabilities as to policy-holders, .... $15,467,473 38 
Surplus as regards policy-holders, .... 2,625,825 75 



Gross liabilities, $18,093,299 13 

Premium Xote Account. 
Premium notes on hand Dec. 31, 1876, . $3,825,551 16 



Premium notes or loans rec'd during 1877 
Total, 

Used in payment of losses and claims, 

Used in payment of surrendered policies 
and voided by lapse, 

Used in paym't of divid'sto policy-holders 

Redeemed by maker in cash, 

Total, 



537,370 88 

64,362,922 04 

$151,887 87 

353,497 15 
566,820 38 
27,758 25 
1,099,963 65 



Balance note assets, Dec. 31, 1877, .... 83,262,958 39 

Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1876. 

Number. Amount. 

Whole-life policies, 26,985 $53,026,057 00 

Endowment policies, 8,781 12,941,093 00 

All other policies, 690 1,526,04100 

New Policies issued in 1877. 

Whole-life policies, 3,149 7,021,763 00 

Endowment policies, 376 605,370 00 

AU other policies, 125 232,409 00 

Old Policies revived during the Year. 

Whole-life policies, 327 738,463 00 

Endowment policies, ...... SI 125,047 00 

All other policies, 5 6,000 00 

Old Policies increased during the Year. 

Whole-life policies, 3 

Endowment policies, ...... 11 - 

All other policies, 1 2,439 00 

Additions by dividends, - 534,773 00 



Total number and amount, .... 40,534 $76,759,455 00 



1877.] 



OTHER STATES. 



97 



323 



Policies ceased to be in force during the Year. 

Number 

Terminated by death, 373 

by maturity, . 

by expiry, 

by surrender, . 

by lapse, . 

by change and decrease, 
Not taken, 



Total terminated, 



Amount. 

$719,441 00 

439,546 00 

128,841 00 

1,456 2,592,574 00 

3,196 6,785,877 00 

610,867 00 

420 1,065,462 00 



5,768 $12,342,608 00 



Policies in force Dec. 31, 1877. 



Whole-life policies, 
Endowment policies, 
All other policies, 

Totals, 



26,099 $50,839,129 00 

7,990 11,779,167 00 

677 1,798,551 00 



34,766 $64,416,847 00 



Schedule A. 

Stocks and Bonds owned by the Company. 

Par value. 

United States bonds, $530,000 00 ^ 

Missouri State bonds, 

Kansas City (Mo.) bonds, . 

Green Bay city (Wis.) bonds, . 

Gale, Trempeleau county (Wis.), bonds, 



Market value. 



. 50,000 00 

. 75,000 00 I $753,087 17 

. 21,500 00 I 

. 5,000 00 j 



Cost value, 



$732,716 15 



$681,500 00 $753,087 17 



PEN"X MUTUAL LIFE INSURANCE COMPANY OF 
PHILADELPHIA, PENN. 

[Incorporated Feb. 24, 1847. Commenced business May 25, 1847.] 

President, Samuel C. Huey. Vice-President, H. S. Stephens. 

Secretary, Henry Austie. Actuary, James Weir Mason. 

Principal Office, 921 Chestnut Street. 



Income. 

Total premium income, 

Cash received for interest on stocks, bonds, and loans, 

for interest on other debts due the company 
for rents of company's property, . 

Prem's rec'd for re-insur., cash, $4,254.74; notes, $144.26 



Total income, 
Net or ledger assets, Dec. 31, 1876, 

Total, .... 



$1,159,154 31 

353,252 55 

15,654 45 

9,708 75 

4,399 00 

$1,542,169 06 

5,582,867 59 

$7,125,036 65 



13 



98 



LIFE INSURANCE COMPANIES [Dec. 31, 



Disbursements. 

Cash paid for losses and additions, .... 
Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, . 
Premium notes or loans used in payment of same, 

Total amount paid for losses and endowments, . 
Cash paid for surrendered policies and return premiums, 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse, 

Cash dividends paid policy-holders, .... 
Premium notes or loans used in payment of dividends, 

Total paid policy-holders, 

Cash paid for commissions to agents, .... 

for salaries and travelling expenses of agents, 
for medical examiners' fees, 
for salaries of officers and office employes, . 
for taxes and fees, . . . 

for rent, 

for commuting commissions, 

for agency expenses, balances, &c, . 

for furniture and office fixtures, . 

for advertising, 

for incidental expenses, .... 

Total disbursements, 



Balance, 



$338,927 39 

15,280 50 

23,944 98 

1,255 02 

$379,407 89 
133,853 55 

69,424 30 

156,374 40 

74,578 80 

$813,638 94 

77,723 62 

24,782 86 

10,533 44 

35,256 67 

16,693 86 

7,297 09 

3,829 02 

27,342 37 

4,494 82 

15,976 73 

23,964 01 

$1,061,533 43 

66,063,503 22 



Invested in the following: — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), . 

on collateral security (schedule A), . 

on company's policies assigned as collateral, 
Premium notes or loans on policies in force, 
Cost value of stocks and bonds owned (schedule B), 
Cash in company's office, . 
Cash deposited in bank, 
Bills receivable, 
Agents' ledger balances, . 
Furniture and equipments, 

Ledger assets (as per balance), . 
Deduct depreciation from cost of assets, 



$367,036 61 

2,484.121 17 

239,687 71 

55,971 11 

710,558 78 

2,000,448 93 

477 96 

172,896 67 

1,013 22 

21,291 06 

10,000 00 

$6,063,503 22 

45,032 61 



Total net or ledger assets, 



$6,018,470 61 



1877.] OF OTHER STATES. 99 

Other Assets. 

Interest due and accrued, $83,705 53 

Rents due and accrued, ....... 4,431 85 

Market value of stocks and bonds, over cost, . . . 68,893 82 
Uncollected premiums on policies in force, $68,084 13 
Deferred premiums on policies in force, . . 55,706 17 



123,790 30 
Deduct loading (15 per cent), .... 18,568 65 
Net am't of uncollected and deferred premiums, 105,221 65 



Total assets per company's books, .... $6,280,723 46 

Items not Admitted. 
Furniture and fixtures, .... $10,000 00 

Agents' balances, 21,291 06 

Bills receivable, 1,013 22 

Total, 32,304 28 



Total admitted assets, $6,248,419 18 

Liabilities. 

Computed prem. reserve or net present val. 
of all outst'd'g pol's (actuaries' 4 p. ct.), $5,317,447 00 

Deduct net value of re-insured risks, . . . 67,800 00 

Net re-insurance reserve, .... $5,249,647 00 

Premium obligations in excess of net values of 
their policies, $49 59 

Death losses and matured endowments in pro- 
cess of adjustment, 99,852 81 

Claims resisted by the company, . . . 13,500 00 

Total policy claims, .... 113,402 40 

Unpaid dividends of surplus due policy-holders, . . 13,710 19 
All other liabilities : Life-rate endowment fund, $14, 107 50 
Premiums paid in advance, 6,898 96 

21,006 46 



Liabilities as to policy-holders, $5,397,766 05 

Surplus as regards policy-holders, .... 850,653 13 



Gross liabilities, $6,248,419 18 

Premium Note Account. 
Premium notes on hand Dec. 31, 1876, . $722,384 35 
Premium notes or loans rec'd during 1877, 152,575 61 

Total, $874,959 96 

Used in payment of losses and claims, . $16,535 52 



100 



LIFE INSURANCE COMPANIES [Dec. 31, 



Used in payment of surrendered policies, and 

voided by lapse, 869,424 30 

Used in payment of div'ds to policy-holders, . 74,578 80 

Redeemed by maker in cash, .... 3,862 56 

Total, ' 

Balance note assets, Dec. 31, 1877, .... 

Exhibit of Policies. 
Policies and Additions in force Dec. SI, 1876. 



$164,401 18 
§710,558 78 



Number. 


Amount. 


Whole-life policies, 8,313 


825,746,921 00 


Endowment policies, 2,329 


5,283,547 00 


All other policies, 1 


5,000 00 


Reversionary additions, - 


17,833 00 


New Policies issued in 1877. 




Whole-life policies, 1,483 


3,939,703 00 


Endowment policies, 493 


1,182,983 00 


All other policies, 1 


10,360 00 


Old Policies revived during the Year. 




Whole-life policies, 43 


862,166 00 


Endowment policies, 148 


54,862 00 


All other policies, 10 


45,322 00 


Old Policies increased during the Year. 




Whole-life policies, 2 


10,094 00 


Endowment policies, 7 


22,406 00 


All other policies, 15 


42,000 00 


Additions by dividends, ...... - 


1,945 00 


Total number and amount, . . . . 12,845 


836,425,142 00 


Policies ceased to be in force during the Year 




Terminated by death, 136 


8370,354 00 


by maturity, 7 


25,200 00 


by expiry, 3 


18,500 00 


by surrender, 334 


1,003,301 00 


by lapse, 1,152 


3,095,573 00 


by change and decrease, ... 25 


320,292 00 


Not taken, . 283 


834,850 00 


Total terminated, 1,940 


85,668,070 00 


Policies in force Dec. SI, 1877. 




Whole-life policies, 8,404 


825,507,424 00 


Endowment policies, 2,479 


5,157,295 00 


All other policies, 22 


68,500 00 


Reversionary additions, - 


23,853 00 


Totals, 10,905 


830,757,072 00 



1877.] 



OF OTHER STATES. 



101 



Schedule A. 
Securities held as Collateral. 

Market value. 

Philadelphia city loan, 6s, .... 672,800 00 

Loans on mortgage collaterals, .... - 



Amount loaned. 

$50,561 35 
189,126 36 

$239,687 71 



Schedule B 
Stocks and Bonds owned by 

United States registered bonds, 

Harrisburg city water bonds, 

Alleghany city loan, . 

Louisville city bonds, 

Louisville water bonds, 

Louisville and Nashville R.R. bonds, 

Pennsylvania R.R. gen. mortgage bonds, 

Reading R.R. mortgage bonds, . 

St. Louis city bonds, .... 

Canton city water bonds, . 

Lehigh Valley R.R. registered bonds, 

United Canal and R.R. registered bonds, 

West-Chester R.R. bonds, . 

North-Pennsylvania R.R. bonds, 

Susquehanna Canal bonds, 

American Steamship Co.'s bonds, 

Stony Creek R.R. bonds, . 

Phoenix Iron Co.'s bonds, . 

Delaware and Bound Brook R.R. bonds, 

Illinois and St. Louis R.R. bonds, 

Masonic redemption loan, . 

500 shares Northern Central R.R., 

100 

209 

50 
100 

50 
250 
212 

76 
525 



Western National Bank, . 
Commercial National Bank, 
Girard National Bank, 
Corn-Exchange National Bank, 
Mechanics' Bank of St. Louis, . 
Delaware Mutual Insurance Co., 
Girard Life Ins. A. and T. Co., 
Bank of North America, . 
Railway Passengers' Assur. Co., 



Philadelphia city warrants, 



the Company. 
Cost value. 

$650,482 67 

50,150 00 

9,000 00 

43,500 00 

97,312 50 

7,141 40 

100,150 00 

103,000 00 

25,030 00 

30,000 00 

50,000 00 

46,250 00 

75,127 60 

103,625 00 

48,000 00 

25,000 00 

49,000 00 

49,500 00 

100,000 00 

100,000 00 

100,000 00 

21,923 25 

6,862 50 

11,035 25 

2,000 00 

5,000 00 

4,950 50 

6,250 00 

5,575 38 

10,168 00 

52,500 00 

11,914 88 



Market value. 

$633,118 37 

59,000 00 

10,800 00 

53,000 00 

100,000 00 

10,000 00 

115,010 00 

106,375 00 

30,000 00 

33,000 00 

57,000 00 

51,250 00 

84,000 00 

111,775 00 

48,000 00 

18,750 00 

49,000 00 

47,500 00 

97,000 00 

100,000 00 

108,000 00 

8,250 00 

6,750 00 

11.599 50 
2,950 00 
5,700 00 
5,000 00 
7,250 00 

10.600 00 
19,000 00 
57,750 00 
11,914 88 



$2,000,448 93 $2,069,342 75 



102 



LIFE INSURANCE COMPANIES [Dec. 31, 



PHCENIX MUTUAL LIFE INSURANCE COMPANY OF 
HARTFORD, CONN. 

[Incorporated May, 1851. Commenced business May, 1851.1 

Paid-up Capital, $100,000. 

President, Aaron C. Goodman. Vice-Pres't, Jonathan B. Bunce. 

Secretary, John M. Holcombe. 



Income. 

Total premium income, 

Cash received for interest on stocks, bonds, and loans, 

for interest on other debts due the company 

for rents of company's property, . 

for profits on bonds, stocks, or gold sold, 



Total income, 
Net or ledger assets, Dec. 31, 1876, 



Total, 



Disbursements. 

Cash paid for losses and additions, . 
Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 



$1,579,103 82 

597,997 67 

7,826 20 

2,043 93 

2,635 30 

§2,189,606 92 
10,521,298 33 

§12,710,905 25 



8657,936 09 

57,609 76 

31,558 61 

6,744 39 



Total amount paid for losses and endowments, 
Cash paid for surrendered policies, 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse, 
Cash surrender values, including re-converted additions 

applied in payment of premiums, .... 
Cash dividends paid policy-holders, .... 
Premium notes or loans used in payment of dividends, 

Total paid policy-holders, 

Cash paid for dividends to stockholders, . 

for commissions to agents, 

for salaries and travelling expenses of agents, 

for medical examiners' fees, 

for salaries of officers and oflice employes, . 

for taxes and fees, 

for rent, 

for advertising, 

for incidental expenses, . . 843,054 79 
Profit and loss, including cost of foreclosures, 77 



1,054 79 ) 
',370 24) 



$753,848 85 
82,885 22 

378,156 27 

54,101 69 

282,374 74 

53,606 42 

$1,604,973 19 

6,000 00 

97,898 06 

60,474 04 

6,490 91 

45,771 94 

64,678 11 

10,556 64 

4,442 37 

120,425 03 



Total disbursements, 
Balance, 



. §2,021,710 29 
$10,689,194 96 



1877.] 



OF OTHER STATES. 



103 



Invested in the following : — 

Assets as per Ledger Accounts 

Cost value of real estate, 

Loans on mortgage of real estate (first liens), . 
Loans on collateral security (schedule A), 
Premium notes or loans on policies in force, 
Cost value of stocks and bonds owned (schedule B), 
Cash in company's office, 

Cash deposited in bank, 

Bills receivable, 

Agents' ledger balances, 



Ledger assets (as per balance), . 
Deduct depreciation from cost of assets, . 

Total net or ledger assets, . 

Other Assets. 
Interest due and accrued, .... 
Uncollected premiums on policies in force, 
Deferred premiums on policies in force, 

-Lotai, ....... 

Deduct loading (20 per cent), . 

Net am't of uncol'd and defer 'd prem's, 
Furniture and fixtures, .... 

Total assets per company's books, 



$367,758 00 

6,699,332 50 

36,050 00 

2,646,819 13 

626,425 00 

1,254 38 

240,242 04 

48,129 43 

23,184 48 

$10,689,194 96 
2,420 50 



$10,686,774 46 



. 263,943 03 
$18,054 19 
68,037 58 



,091 77 
17,218 35 



68,873 42 
9,805 64 

$11,029,396 55 



Items not Admitted. 

Furniture and fixtures, $9,805 64 

Agents' balances, 23,184 48 

BiUs receivable, 48,129 43 

Total, 81,119 55 



Total admitted assets, 



$10,948,277 00 



Liabilities. 
Computed prem. reserve or netpres't val. of 

all outst'd'g policies (actuaries' 4 p. ct.), $10,322,201 00 



Deduct net value of re-insured risks, . 

Net re-insurance reserve, . 
Death losses due and unpaid, 
Death losses and matured endowments in 
process of adjustment, .... 
Claims resisted by the company, 

Total policy claims, .... 
Due for salaries, rent, and office expenses, . 



4,113 00 



-$10,318,088 00 



. 34,000 00 

$234,574 00 
.60,500 00 



329,074 00 
2,501 59 



104 LIFE INSURANCE COMPANIES [Dec. 31, 

Premiums paid in advance, $42,614 04 

Special reserve, ......... 50,000 00 



Liabilities as to policy-holders, .... $10,742,277 63 
Surplus as regards policy-holders, .... 205,999 37 



Gross liabilities, $10,948,277 00 



Premium Note Account. 

Premium notes on hand Dec. 31, 1876, . $2,982,685 00 

Premium notes or loans rec'd during 1877, 166,178 32 

Total, $3,148,863 32 

Used in payment of losses and claims, . $64,354 15 
Used in payment of surrendered policies, and 

voided by lapse, 378,156 27 

Used in paym't of divid's to policy-holders, 53,606 42 

Redeemed by maker in cash, . . . 5,927 35 

Total, — ■ $502,044 19 



Balance note assets, Dec. 31, 1877, .... $2,646,819 13 



Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1876. 

Number. Amount. 

Whole-life policies, 20,481 $43,060,677 00 

Endowment policies, 7,270 9,112,256 00 

All other policies, 24 56,500 00 

Reversionary additions, - 114,549 00 



New Policies issued in 1877. 

Whole-life policies, 2,461. 2,892,395 00 

Endowment policies, 623 524,922 00 

All other policies, 122 228,800 00 



Old Policies revived during the Year. 

Whole-life policies, 170 351,767 00 

Endowment policies, 73 94,221 00 

Increased during the Year. 

Whole-life policies, - 1,000 00 

Additions by dividends, ..... - 6,505 00 



Total number and amount, .... 31,224 $56,443,592 00 



1877.] 



OF OTHER STATES. 



105 



Policies ceased to be in force during the Year. 

Terminated by death, 

by maturity, . 

by surrender, . 

by lapse, . 

by change and decrease, 
Not taken, 



Total terminated, 



Number. 


Amount. 


354 


$767,820 00 


29 


38,503 00 


445 


975,234 00 


2,749 


5,642,777 00 


1,637 


4,321,060 00 


531 


799,232 00 


5,745 


$12,544,626 00 



Whole-life policies, 



Policies in force Dec. 31, 1877. 

18,644 $35,702,316 00 



Endowment policies, . 
All other policies, 
Reversionary additions, 

Totals, 



6,759 
76 



7,931,796 00 
143,800 00 
121,054 00 



25,479 $43,898,966 00 



Schedule A. 
Securities held as Collateral. 

Market value. 

Quincy, Pacific, and Missouri R.R. secured, $35,000 00 
Assignment of mortgage, 1,200 00 



$36,200 00 

Schedule B. 

Stocks and Bonds owned by the Company. 

Cost value. 

United States bonds, $264,160 00 

West-Middle school-district bonds, . . 107,500 00 
Indiana Central R.R. bonds, .... 7,600 00 
Valley-Falls township bonds, .... 14,835 00 

Mattoon city bonds, 37,970 00 

South-Minnesota R.R. bonds, .... 35,000 00 
Benton Harbor and St. Joseph school bonds, . 12,000 00 
200 shares Charter Oak Nat. Bank, Hartford, . 19,662 00 
200 
35 
100 
400 



First National Bank, Hartford, . 22,255 00 

^Etna National Bank, Hartford, . 3,500 00 
Mercantile National Bank, Hartford, 6,950 00 
American National Bank, Hartford, . 21,293 00 



49 " Farmers' and Mech's Bank, Hartford, 5,390 00 
200 " Phoenix National Bank, Hartford, .26,000 00 
100 " First National Bank, Massillon, O., . 10,000 00 

83 " Toledo National Bank, Toledo, O., . 9,960 00 

50 " United States Trust Co., Hartford, 5,000 00 
284 " Hartford City Gas Light Co., . . 7,350 00 
100 " Security Co., Hartford, . . .10,000 00 



Amount loaned . 

$35,000 00 
1,050 00 

$36,050 00 



Market value. 

$259,037 50 
107,500 00 

8,000 00 
14,835 00 
39,000 00 
10,000 00 
12,000 00 
25,400 00 
19,000 00 

4,235 00 
11,500 00 
26,000 00 

5,537 00 
30,800 00 
12.000 00 

9,960 00 

5,000 00 
14,200 00 
10,000 00 



$626,425 00 $624,004 50 



14 



106 



LIFE INSURANCE COMPANIES [Dec. 31, 



PROVIDENT LIFE AND TRUST COMPANY OF 
PHILADELPHIA, PENN. 

[Incorporated March 22, 1865. Commenced business July 29, I860.] 

Paid-up Capital, 3500,000. 

President, Samuel R. Shipley. Vice-President, Wm. C. Longstreth. 

Actuary, Rowland Parry. 

Principal Office, 108 South-Fourth Street. 



Income. 

Total premium income, 

Cash received for interest on stocks, bonds, and loans, 

for interest on other debts due the company, 
as discount on claims paid in advance, 
for rents of company's property, . 



Total income, 
Net or ledger assets, Dec. 31, 1876, 



$769,605 89 

154,508 01 

2,468 00 

120 00 

7,694 91 

$934,396 81 
3,444,319 26 



Total, 



Disbursements. 
Cash paid for losses and additions, .... 
for matured endowments and additions, 

Gross amount paid for losses and endowments, . 
Cash paid to annuitants, ...... 

for surrendered policies, .... 

Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse, . . 
Cash surrender values, including re-converted additions 

applied in payment of premiums, .... 
Cash dividends paid policy-holders, $2,166.98; applied in 

payment of premiums, $112,958.98, 
Premium notes or loans used in payment of dividends, 

Total paid policy-holders, ..... 
Cash paid for commissions to agents, .... 

for salaries and travelling expenses of agents, 

for medical examiners' fees, 

for salaries of officers and office employes, . 

for taxes and fees, 

for rent, 

for furniture and office fixtures, 

for advertising, ...... 

for office and incidental expenses, 

Total disbursements, 

Jt5aiance, ........ 



84,378,716 07 


$166,818 00 


10,238 16 


$177,056 16 


5,484 11 


53,502 23 


6,853 47 


5,304 64 


115,125 96 


11,035 12 


$374,361 69 


47,692 79 


16,080 69 


3,698 29 


35,154 06 


7,865 55 


1,205 68 


1,0S0 56 


3,181 99 


9.282 75 


$499,604 05 


13,879,112 02 



1877.] 



OF OTHER STATES. 



107 



Invested in the following: — 

Assets as per Ledger Accounts. 

Cost value of real estate, ...... 

Loans on mortgage of real estate (first liens), . 
Loans on collateral security (schedule A) , . 
Premium notes or loans on policies in force, 
Cost value of stocks and bonds (schedule B), . 
Cash in company's office, 

Gross ledger assets (as per balance), . 
Deduct depreciation from cost of assets, 

Total net or ledger assets, 



. 8306,940 84 

. 1,009,549 81 

92,252 96 

88,717 92 

. 2,360,252 58 

21,397 91 

. 3,879,112 02 

88,867 97 

. $3,790,244 05 



Other Assets. 

Interest due and accrued, . 

Uncollected premiums on policies in force, 

Deferred premiums on policies in force, 

Total, 

Deduct loading (20 per cent), . 

Net am't of uncollected and deferred prem's, 

Total assets per company's books, 



$50,882 68 
116,191 07 

8167,073 75 
33,414 75 



30,472 63 



- 133,659 00 
. 83,954,375 68 



Liabilities. 

Computed prem. reserve or net present value of all out- 
standing policies (actuaries' 4 per cent), . . . 83,115,642 00 

Death losses due and unpaid, .... 87,805 00 

Death losses and matured endowments in process 
of adjustment, 37,097 00 

Due and unpaid on annuity claims, . . . 294 62 
Total policy claims, .... 

Unpaid dividends of surplus due policy-holders, 

Premiums paid in advance, 

Mortgage and ground rent, 

Liabilities as to policy-holders, . 
Surplus as regards policy-holders, 



45,196 62 

8,562 93 

5,074 81 

226 00 

. 83,174,702 36 
. 779,673 32 



Gross liabilities, 83,954,375 68 



Premium Note Account. 

Premium notes on hand Dec. 31, 1876, . 897,289 30 
Premium notes or loans received during 1877, . 9,989 98 

Total, $107,279 28 



108 LIFE INSURANCE COMPANIES [Dec. 31, 

Used in payment of surrendered policies, and 

voided by lapse, $6,853 47 

Used in payment of dividends to policy-holders, 11,035 12 
Redeemed by maker in cash, .... 672 77 

Total, $18,561 36 



Balance note assets, Dec. 31, 1877, .... $88,717 92 

Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1876. 

Number. Amount. 

Whole-life policies, 2,003 $6,216,859 00 

Endowment policies, 4,695 14,111,882 00 

All other policies, 107 441,650 00 

Reversionary additions, - 76,808 00 

New Policies issued in 1877. 

Whole-life policies, 

Endowment policies, . . . . . 
All other policies, 

Old Policies revived during the Year. 

Whole-life policies, 

Endowment policies, 

Transfer, 

Additions by dividends, .... 

Total number and amount, .... 7,803 $23,932,330 00 

Policies ceased to be in force during the Year. 

Terminated by death, 52 $189,558 00 

by maturity, 8 10,238 00 

by expiry, 6 41,700 00 

by surrender, .... 464 1,350,410 00 

by lapse, ..... 423 1,311,379 00 

by change and decrease, . . 2 100,964 00 

Not taken, ....... 55 220,500 00 



144 


373,131 00 


805 


2,531,242 00 


39 


134,800 00 


ear. 
1 


2,000 00 


7 


13,500 00 


2 


4,590 00 


- 


25,868 00 



Total terminated, 1,010 $3,224,749 00 

Policies in force Dec. 31, 1877. 

Whole-life policies, 1,894 $5,796,180 00 

Endowment policies, 4,801 14,425,813 00 

All other policies, 98 394,750 00 

Reversionary additions, ..... - 90,838 00 



Totals, 6,793 $20,707,581 00 



1877.] 



OF OTHER STATES. 



109 



Schedule A. 
Securities field as Collateral. 

Market value. 

. $6,600 00 



Pennsylvania State bonds, . 
400 shares Pennsylvania R.R., . 
100 " Lehigh Valley R.R., . 

15 " Car Trust Co., . 
Lehigh Coal and Navigation Co. bonds, 
Susquehanna Coal Co. bonds, . 

92 shares Washington Manufacturing Co 
382 " Crane Iron Co.,. 



12,800 00 
4,000 00 
15,000 00 
34,000 00 
14,000 00 
27,600 00 
9,550 00 



Amount loaned. 

$4,428 00 

9,788 33 

3,200 00 

11,226 97 

19,583 33 

11,708 33 

24,483 33 

7,834 67 



$123,550 00 $92,252 96 



Schedule B. 

Stocks and Bonds owned by the Company. 

Cost value. 

United States bonds, $1,292,125 00 

Pennsylvania State bonds, . . . . 30,993 75 

Pennsylvania R.R. bonds, . . . . 195,375 00 

Lehigh- Valley R.R. bonds, . . . 294,500 00 

Lehigh Coal and Navigation Co. bonds, . 101,000 00 

Summit-Branch R.R. bonds, . . . 24,503 47 

Cramp and Sons' Manufacturing Co. bonds, 21,000 00 

Crane Iron Co. bonds, .... 45,000 00 

Schuylkill Navigation Co. bonds, . . 65,827 75 

Reading Coal and Iron Co. bonds, . . 14,850 00 

Philadelphia city warrants, . . . 275,077 61 



Market value. 

$1,244,000 00 

33,300 00 

184,000 00 

288,000 00 

85,000 00 

25,000 00 

21,000 00 

50,000 00 

55,007 00 

11,000 00 

275,077 61 



$2,360,252 58 $2,271,384 61 



PROVIDENT SAVINGS LIFE ASSURANCE SOCIETY OF 

NEW YORK. 

[Incorporated Feb. 25, 1875. Commenced business Aug. 10, 1875.] 

Paid-up Capital, $125,000. 

President, Sheppard Homan3. Vice-President, A. F. Willmarth. 

Secretary, Jos. P. Pennington. Actuary, Sheppard Homans. 

Principal Office, 195 Broadway. 



Income. 
Total premium income, ...... 

Cash received for interest on stocks, bonds, and loans, 

for deposits, ...... 

for profits on bonds, stocks, or gold sold, 

Total income, ....... 

Net or ledger assets, Dec. 31, 1876, .... 

Total, 



$46,058 36 

6,033 35 

572 01 

1,166 41 

$53,830 13 
125,451 83 

$179,281 96 



110 



LIFE INSURANCE COMPANIES [Dec. 31, 



Disbursements. 
Cash paid for losses and additions, .... 

for surrendered policies and deposits, . 
Premium notes or loans used in purchase of surrendered 

policies, and voided by lapse, ..... 
Cash dividends paid policy-holders applied in payment of 
premiums, 



Total paid policy-holders, 

Cash paid for commissions to agents, 

for salaries and travelling expenses of agents, 

for medical examiners' fees, 

for salaries of officers and office employes, . 

for taxes and fees, 

for rent, 

for commuting commissions, 
for furniture and office fixtures,'. 

for advertising, 

for incidental expenses, .... 

Total disbursements, 



Balance, $127,580 82 



$12,053 47 
3,668 33 

312 98 

533 48 



§16,568 26 


8,603 61 


1,579 93 


1,383 76 


10,651 93 


674 51 


5,308 94 


1,443 80 


10 00 


3,044 45 


2,431 95 


$51,701 14 



Invested in the following: — 

Assets as per Ledger Accounts. 

Loans on company's policies assigned as collateral, 

Premium notes or loans on policies in force, 

Cost value of stocks and bonds owned (schedule A) , 

Cash in company's office, 

Cash deposited in bank, 

Bills receivable, 

Agents' ledger balances, 

Loaned on personal security, .... 



Ledger assets (as per balance), . 
Deduct depreciation from cost of assets, . 

Total net or ledger assets, 

Other Assets. 

Uncollected premiums on policies in force, . . $4,967 19 
Deferred premiums on policies in force, . . 10,781 22 

Total, . $15,748 41 

Deduct loading (10 per cent), .... 1,57484 



$129 29 

922 17 

119,531 25 

32 20 

1,600 37 

396 96 

4,718 58 

250 00 

$127,580 82 
14,062 50 

$113,518 32 



Net am't of uncollected and deferred premiums, 
Furniture and fixtures, 



14,173 57 
3,060 32 



1877.] 



OF OTHER STATES. 



Ill 



Commuted commissions, . 
Company's stock owned, . 

Total assets per company's books, 



81,443 80 
2,350 00 

. $134,546 01 



Items not Admitted 



Company's stock, 
Furniture and fixtures, 
Commuted commissions, . 
Agents' balances, 
Loans on personal security, 
Bills receivable, 
Total,. 

Total admitted assets, 



$2,350 00 




3,060 32 




1,443 80 




4,718 58 




250 00 




396 96 






12,219 66 




• • 


$122,326 35 



Liabilities. 

Computed prem. reserve or net pres't val. of 
all outst'd'g policies (actuaries' 4 p. ct.), $32,397 00 

Deduct net value of re-insured risks, . . 2,084 00 

Net re-insurance reserve, .... $30,313 00 

Premium obligations in excess of net values of 

their policies, $459 45 

Surrender values of lapsed policies, . . . 475 68 

Death losses and matured endowments in pro- 
cess of adjustment, 9,642 51 

Total policy claims, 10,577 64 

Due for salaries, rent, and office expenses, .... 4,036 47 

All other liabilities : deposits, $38.66; re-ins. due, $73.08, 111 74 

Liabilities as to policy-holders, $45,038 85 

Surplus as regards policy-holders, .... 77,287 50 

Gross liabilities, $122,326 35 



Premium Note Account. 

Premium notes on hand Dec. 41, 1876, . . $542 31 

Premium notes or loans received during 1877, . 1,317 45 

Total, $1,859 76 

Used in payment of surrendered policies, and 

voided by lapse, $312 98 

Redeemed by maker in cash, .... 624 61 

Total, 937 59 



Balance note assets, Dec. 31, 1877, 



8922 17 



112 



LIFE INSURANCE COMPANIES [Dec. 31, 



Exhibit of Policies. 
Policies and Additions in force Dec. 81, 1876. 



Whole-life policies. 
Endowment policies, 
All other policies, 



New Policies issued in 1877 



Whole-life policies, . . . . 
Endowment policies, . . . . 
All other policies, . 
Old policies changed during the year, 

Total number and amount, . 



Number. 

415 

57 

439 


Amount 

$650,550 00 

153,750 00 

1,427,400 00 


77. 

66 

3 

427 

7 


104,934 00 

3,000 00 

901,900 00 

21,500 00 


. 1,414 


$3,263,034 00 



Policies ceased to be in force during the Year. 

Terminated by death, 

by expiry, 

by surrender, . 

by lapse, 

by change and decrease, 
Not taken, .... 

Total terminated, 



2 


$6,000 00 


47 


144,500 00 


21 


58,750 00 


360 


634,000 00 


7 


45,910 00 


96 


222,500 00 



533 $1,111,660 00 



Policies in force Dec. 81, 1877. 



Whole-life policies, 
Endowment policies, 
All other policies, 

Totals, 



Stocks and Bonds owned by the Company. 

Cost value. Market value. 

United States bonds, $119,531 25 $105,468 75 



. 


157 
26 

698 

881 


$271,484 00 

88,500 00 

1,791,390 00 


Schedule A. 


$2,151,374 00 



TRAVELERS' INSURANCE COMPANY (LIFE DEPARTMENT) 

OF HARTFORD, CONN. 

[Incorporated June 17, 1863. Commenced business July, 1866.] 

President, James G. Batterson. Vice-President, Gustavus F. Davis. 
Secretary, Rodney Dennis. Actuary, George Ellis. 

Income. 

Total premium income, ....... $496,064 34 

Cash received for interest on stocks, bonds, and loans, . 204,134 53 



1877.] 



OF OTHER STATES. 



113 



Cash received for interest on other debts due the company, $1,121 36 

as discount on claims paid in advance, . 388 73 

for rents of company's property, . . . 2,438 78 

for profits on bonds, stocks, or gold sold, . 2,583 80 



Total income, .... 
Net or ledger assets, Dec. 31, 1876, . 



. $706,731 54 
. 2,680,557 05 



Total, $3,387,288 59 



Disbursements. 



Cash paid for losses and additions, .... 


. $145,151 98 


for matured endowments and additions, 


13,500 00 


Gross amount paid for losses and endowments, . 


. $158,651 98 


Cash paid to annuitants, 


1,150 00 


for surrendered policies, .... 


15,974 78 


Total paid policy-holders, 


. $175,776 76 


Cash paid for commissions to agents, .... 


42,289 97 


for salaries and travelling expenses of agents, 


15,616 30 


for medical examiners' fees, 


9,645 26 


for salaries of officers and office employes, . 


14,005 12 


for taxes and fees, ..... 


4,144 54 


for rent, ....... 


200 00 


for advertising, 


16,393 78 


for incidentals, ...... 


14,665 83 


Total disbursements, 


. $292,737 56 


Balance, ....... 


. $3,094,551 03 



Invested in the following : — 



Assets as per Ledger Accounts. 

Cost value of real estate, .... 
Loans on mortgage of real estate (first liens), 
Cost value of stocks and bonds owned (schedule A) , 
Cash in company's office, .... 
Cash deposited in bank, .... 
Agents' ledger balances, .... 

Ledger assets (as per balance), . 
Deduct depreciation from cost of assets, . 

Total net or ledger assets, . . • 
15 



$447,925 18 

2,033,883 23 

552,917 54 

925 93 

58,596 87 
302 28 

$3,094,551 03 
84,972 72 

. $3,009,578 



114 LIFE INSURANCE COMPANIES [Dec. 31, 

Other Assets. 

Interest due and accrued, $96,167 25 

Uncollected premiums on policies in force, $53,316 75 

Deferred premiums on policies in force, . .62,182 25 



Total, $115,499 00 

Deduct loading (12 per cent), . . . .13,859-88 

Net am't of uncollected and deferred premiums, 101,639 12 



Total assets per company's books, . . . ), 207, 384 68 

Items not Admitted. 
Agents' balances, 302 28 



Total assets of Life Department, . . . ), 207, 082 40 

Total assets of Accident Department, . . . 1,109,449 25 



Gross assets, -. 1,316,53165 



Liabilities. 

Computed prem. reserve or net present value 
of all outst'g policies (actuaries' 4 pr. ct.), $2,785,501 00 

Deduct net value of re-insured risks, . . . 24,400 00 

Net re-insurance reserve, .... $2,761,101 00 

Death losses due and unpaid, .... $4,000 00 

Death losses and matured endowments in pro- 
cess of adjustment, . . . . . 35,425 00 

Claims resisted by the company, . . . 2,500 00 

Total policy claims, 41,925 00 

Reserve for indemnity contracts of life policies, 7,500 00 



Liabilities as to policy-holders in Life Department, . $2,810,526 00 
Liabilities as to policy-holders in Accident Departm't, 267,014 67 



Gross liabilities, $3,077,540 67 



Surplus as regards policy-holders, . . . 1,238,990 98 

Exhibit of Policies. 

Policies and Additions in force Dec. 31, 1876. 

Number. Amount. 

Whole-life policies, 8,846 $16,414,133 00 

Endowment policies, 1,918 2,583,503 00 

All other policies, 69 148,750 00 



1877.] 



OF OTHER STATES. 



115 



Whole-life policies, 
Endowment policies, 
All other policies, 



New Policies issued in 1877. 



Number. 

1,974 

339 

40 



Amount. 

83,322,847 00 

388,924 00 

70,850 00 



Old Policies revived during the Year. 

Whole-life policies, 26 

Endowment policies, 4 



Total number and amount, . 



41,650 00 
3,500 00 



13,216 $22,974,162 00 



Policies ceased to be in force during the Year. 



Terminated by death, .... 


75 


$143,745 00 


by maturity, .... 


5 


13,500 00 


by expiry, .... 


11 


28,500 00 


by surrender, .... 


60 


86,709 00 


by lapse, .... 


1,178 


2,283,600 00 


by change and decrease, . 


482 


1,052,050 00 


Not taken, ...... 


397 


675,875 00 


Total terminated, .... 


2,208 1 


^4,283,979 00 


Policies in force Dec. 31, 1877. 




Whole- life policies, ..... 


. 9,020 $16,090,662 00 


Endowment policies, ..... 


. 1,911 


2,460,721 00 


All other policies, ..... 


77 
. 11,008 $ 


138,800 00 


Totals, 


L8,690,183 00 


Schedule A. 






Stocks and Bonds owned by the ( 


Company. 






Cost value. 


Market value. 


United States bonds, ..... 


$11,675 00 


$10,975 00 


Indianapolis city bonds, .... 


. 7,766 66 


10,000 00 


Topeka city bonds, ..... 


. 30,586 84 


30,000 00 


Oswego city bonds, ..... 


. 10,639 72 


10,400 00 


Des Moines school-district bonds, 


. 15,290 00 


15,000 00 


Milwaukee and St Paul R.R. bonds, 


. 9,462 50 


10,600 00 


Keokuk and Des Moines R.R. bonds, 


. 4,655 00 


5,879 00 


New- York, Providence, and Boston R.R. bonds 


, 9,597 22 


11,500 00 


Lake-Shore and Michigan- Southern R.R. bonds 


, 1,000 00 


1,080 00 


Detroit, Monroe, and Toledo R.R. bonds, . 


. 21,432 17 


21,400 00 


Buffalo, New- York, and Erie R.R. bonds, . 


. 32,106 67 


32,100 00 


400 shares N.Y., New-Hav., and Hart. R.R., 


. 60,265 25 


63,600 00 


69 " Charter-Oak National Bank, . 


. 8,711 25 


8,763 00 


100 " Amer. Ex. National Bank, N.Y., 


. 11,413 00 


10,500 00 


160 " Merchants' National Bank, N.Y., 


11,156 25 


6,400 00 



116 LIFE INSURANCE COMPANIES [Dec. 31, 

Cost value. Market value. 

75 shares Metropolitan National Bank, N.Y V 810,209 38 $10,125 00 

100 " Mercantile National Bank, Hartford, 10,200 00 11,500 00 

200 " Thames National Bank, Norwich, . 24,600 00 28,000 00 

188 " Phoenix National Bank, Hartford, . 29,068 00 28,200 00 

260 " Hartford National Bank, Hartford, . 40,946 00 39,000 00 

91 " Farmers' and Mech. Nat. B'k, H'tf'd, 14,397 50 10,283 00 

350 " American National Bank, Hartford, . 23,324 50 22,760 00 

50 " First National Bank, Hartford, . . 5,024 88 4,500 00 

100 " National Exchange Bank, . . 6,287 50 6,600 00 

100 " National Bank of the Commonwealth, 11,212 75 10,500 00 

100 " First National Bank, . . . 12,700 00 15,000 00 

956 " Railway Passenger Assurance Co., . 93,789 50 95,600 00 

200 " Connecticut Trust & Safe Deposit Co., 20,400 00 16,000 00 

50 " Security Co., 5,000 00 5,000 00 



$552,917 54 $551,255 00 



UNION MUTUAL LIFE INSURANCE COMPANY OF 
AUGUSTA, ME. 

[Incorporated July 17, 1848. Commenced business Oct. 1, 1849.] 

President, John E. De Witt. Vice-President, Daniel Sharp. 

Secretary, Jas. P. Carpenter. Actuary, Albert G. Milton. 

Directors' Office, 153 Tremont Street, Boston. 

Income. 

Total premium income, 81,430,449 68 

Cash received for interest on stocks, bonds, and loans, . 427,370 10 

for interest on other debts due the company, ) o — o-i a- 

as discount on claims paid in advance, . . > 

for rents of company's property, . . . 13,716 04 

Paid death claim, refunded (insured found to be living), . 5,000 00 

Profit and loss account, 13,171 04 



Total income, $1,927,238 31 

Net or ledger assets, Dec. 31, 1876, 7,S60,S4S 95 

Total, $9,7SS,087 26 



Disbursements. 

Cash paid for losses and additions, 
Premium notes or loans used in payment of same, 
Cash paid for matured endowments and additions, 
Premium notes or loans used in payment of same, 

Gross amount paid for losses and endowments, 
Cash paid to annuitants, ..... 
for surrendered policies, 



$511,240 13 

37.367 23 

207,286 89 

61,968 11 

asi7,862 36 

6,999 97 

586,597 53 



1877.] 



OF OTHER STATES. 



117 



Premium notes or loans used in purchase of surrendered pol- 
icies, and voided by lapse, . . . . . ." 8229,126 97 

Cash dividends paid policy-holders applied in payment of 

premiums, 90,674 05 

Premium notes or loans used in payment of dividends, . 91,332 00 

Total paid policy-holders, $1,822,592 88 

Cash paid for commissions to agents, . . . * 1 188 524 7° 
for salaries and travelling expenses of agents, . ) 

for medical examiners' fees, .... 13,849 28 

for salaries of officers and office employes, . . 71,880 11 

for taxes and fees, 19,374 23 

for advertising, 21,295 29 

for incidental expenses, 95,242 97 

Total disbursements, $2,232,759 48 

Balance, 87,555,327 78 



Invested in the following: — 

Assets as per Ledger Accounts. 

Appraised value of real estate, .... 
Loans on mortgage of real estate (first liens), . 

on collateral security (schedule A) , . 

on company's policies assigned as collateral, 
Premium notes or loans on policies in force, 
Value of stocks and bonds owned (schedule B), . 
Cash in company's office, . 
Cash deposited in bank, 
Bills receivable, .... 

Agents' ledger balances, 
Cash in transit (since received), 
Accrued interest on bonds purchased, 
Judgment (since sold for cash), . 

Ledger assets (as per balance) , . 
Deduct depreciation from cost of assets, 

Total net or ledger assets, . 



$1,227,981 77 

3,738,580 73 

32,857 44 

1,808 69 

1,518,194 59 

707,172 50 

195 51 

276,991 71 

9,324 07 

27,521 74 

3,578 35 

2,771 52 

8,349 16 

$7,555,327 78 
83,275 57 

$7,472,052 21 



Other Assets. 
Interest due and accrued, .... 
Uncollected premiums on policies in force, . 
Deferred premiums on policies in force, 



$54,524 57 
124,830 86 



Total $179,355 43 

Deduct loading (10 per cent), . . . 17,935 53 
Net am't of uncollected and deferred premiums, 



258,199 56 



Total assets per company's books, 



- 161,419 90 

. $7,891,671 67 



118 LIFE INSURANCE COMPANIES [Dec. 31, 

Items not Admitted. 

Agents' balances, $27,521 74 

Bills receivable, 9,324 07 

36,845 81 



Total admitted assets, $7,854,825 86 

Liabilities. 

Computed prem. reserve or net pres't val. of 

all outst'g policies (actuaries' 4 per ct.), $7,539,897 00 
Deduct net value of re-insured risks, . . . 1,878 00 

Net re-insurance reserve, .... 87,538,019 00 

Matured endowments due and unpaid, . . 88,550 00 
Death losses and matured endowments in process 

of adjustment, 216,645 75 

Total policy claims, .... 225,195 75 

Unpaid dividends of surplus due policy-holders, . . 26,615 06 

All other liabilities : unpresented accounts, $10,236 21 

surrender values due, . 2,323 35 
premiums paid in advance, 15,084 77 

27,644 33 



Liabilities as to policy-holders, .... 7,817,474 14 

Surplus as regards policy-holders, .... 37,351 72 



Gross liabilities, $7,854,825 86 

Premium Note Account. 

Premium notes on hand Dec. 31, 1876, . $1,881,566 24 

Premium notes or loans rec'd during 1877, 363,686 69 

Total, $2,245,252 93 

Used in payment of losses and claims, . $99,335 34 
Used in payment of surrendered policies, 

and voided by lapse, .... 229,126 97 
Used in paym't of divid's to policy-holders, 91,332 00 

Redeemed by maker in cash, . . . 307,264 03 

Total, 727,058 34 



Balance note assets, Dec. 31, 1877, .... 81,518,194 59 



Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1876. 

Number. Amount. 

Whole-life policies, 13,886 831,338,629 00 

Endowment policies, 6,031 8,576.575 00 

All other policies, 527 1,064,000 00 



1877.] 



OF OTHER STATES. 



119 



New Policies issued in 1877, 



"Whole-life policies, . 
Endowment policies, . 
All other policies, 



Number. Amount. 

1,711 $2,886,466 00 

806 732,053 00 

7 23,000 00 



Old Policies revived during the Year. 

Whole-life policies, 

Endowment policies, 

Old Policies increased during the Year. 

Whole-life policies 

Endowment policies, ..... 



379 


965,700 00 


103 


154,053 00 


Year. 


3,967 00 


- 


24,178 00 



Total number and amount, . 



23,450 $45,768,621 00 



Policies ceased to he in force during the Year. 




Terminated by death, . . . . . 254 


$583,500 00 


by maturity, ..... 243 


277,905 00 


by expiry, 1 


5,000 00 


by surrender, ..... 1,518 


3,248,450 00 


by lapse, 2,792 


5,614,350 00 


by change and decrease, ... 


723,668 00 


Not taken, 511 


933,930 00 



Total terminated, 



5,319 $11,386,803 00 



Policies in force Dec. 81, 1877. 
Whole-life policies, 11,979 $26,196,231 00 



Endowment policies, . 
All other policies, 

Totals, 



5,623 7,120,587 00 
529 1,065,000 00 



18,131 $34,381,818 00 



Schedule A. 

Securities held as Collateral. 

United States coupon bonds, 
United States gold bonds, .... 
7 shares Norway Plains Co., . 
51 " Third Avenue R.R., . 
Chicago, Columbus, and Indiana R.R. bonds, 
Assignment of mortgage, .... 



Market value. 


Amount loaned. 


$10,337 50 


$10,000 00 


. 10,537 50 


10,000 00 


. 10,850 00 


1,006 00 


| 7,140 00 


7,451 44 


. 10,700 00 


4,400 00 


$49,565 00 


$32,857 44 



120 



LIFE INSURANCE COMPANIES [Dec. 31, 



Schedule B. 



Stocks and Bonds 

United* States bonds, . 

Maine State bonds, . 

Bangor city bonds, 

Lewiston city bonds, . 

Portland city bonds, . 

New-Bedford city bonds, 

Providence city bonds, 

Portsmouth city bonds. 

"Wilmington city bonds, 

Richmond city bonds, 

Toledo city bonds, 

Chicago city bonds, . 

New- York city bonds, 

Lowell and Andover R.R. bonds, 

Depreciation deducted, 



owned by the Company. 
Par value. 

8230,000 00 

120,000 00 

100,000 00 

20,000 00 

50,000 00 

25,000 00 

25,000 00 

5,000 00 

5,000 00 

10,000 00 

34,000 00 

1,000 00 

10,000 00 

20,000 00 



Market value. 

$242,487 50 

133,650 00 

106,000 00 

21,100 00 

53,000 00 

25,750 00 

26,625 00 

5,050 00 

5,100 00 

12,000 00 

34,000 00 

1,035 00 

10,450 00 

20,000 00 



$655,000 00 8696,247 50 
10,925 00 



8707,172 50 



UXITED STATES LIFE INSURANCE COMPANY OF 

NEW YORK. 

[Incorporated February, 1S50. Commenced business March 4, 1850.] 

Paid-up Cash Capital, 8250,000. Scrip Capital, §150,000. 

President, James Buell. Secretary, C. P. Fraleigh. 

Actuary, Geo. H. Btjrford. 

Principal Office, 261 Broadway. 

Income. 
Total premium income, ....... 8885,341 70 

Cash received for interest, and discount on claims, . . 287,985 21 



Total income, 81.173,326 91 

Net or ledger assets, Dec. 31, 1876, 4,601,828 73 



Total, 85,775,155 64 



Disbursements. 

Cash paid for losses and additions, 

for matured endowments and additions, 



. 8300.724 12 
23,290 19 



Gross amount paid for losses and endowments, . . 8324,014 31 



1877.] 



OF OTHER STATES. 



121 



Cash paid for surrendered policies, 
for additions, 
dividends paid policy-holders, applied 
premiums, 



Total paid policy-holders, . 
Cash paid for interest to stockholders, 
for commissions to agents, . 
for travelling expenses of agents 
for medical examiners' fees, 
for salaries of officers and office employes 
for taxes and fees, 
for rent, .... 
for advertising, . 
for incidental expenses, 

Total disbursements, . 

Balance, 



in 



payment of 



$304,205 99 
90,260 52 

97,441 97 

$815,922 79 

26,815 75 

159,297 78 

1,175 18 

19,528 28 

56,133 66 

9,341 94 

9,968 87 

38,938 91 

69,286 53 

$1,206,409 69 

$4,568,745 95 



Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, .... 
Loans on mortgage of real estate (first liens), 

on collateral security (schedule A), . 

on policies in force, .... 
Cost value of stocks and bonds owned (schedule B), 
Cash in company's office, .... 
Cash deposited in bank, . • . 
Bills receivable, . 
Agents' ledger balances, .... 

Ledger assets (as per balance), . 
Deduct depreciation from cost of assets, . 

Total net or ledger assets, ...... 

Other Assets. 

Interest due and accrued, . 

Market value of stocks and bonds, over cost, 

Uncollected premiums on policies in force, $57,005 98 

Deferred premiums on policies in force, . 114,010 24 



$79,587 84- 

2,320,871 44 

339,100 00 

136,354 84 

1,533,095 47 

301 40 

130,292 85 

9,588 51 

19,553 60 

$4,568,745 95 
4,453 44 

$4,564,292 51 



55,805 19 
72,020 34 



Total, $171,016 22 

Deduct loading (10 per cent), .... 17,101 62 
Net am't of uncollected and deferred prem's, 



153,914 60 



Total assets per company's books, 
16 



. $4,846,032 64 



122 LIFE INSURANCE COMPANIES [Dec. 31, 

Items not Admitted. 

Agents' balances, $19,553 60 

Bills receivable, 9,588 51 

Total, 829,142 11 



Total admitted assets, 

Liabilities. 
Computed prem. reserve or net pres't val. of 

all outst'd'g policies (actuaries' 4 per ct.), 84,314,292 00 
Deduct net value of re-insured risks, . . . 19,715 00 

Xet re-insurance reserve, .... $4,294,577 00 

Death losses and matured endowments in process of ad- 
justment, 103,960 00 

Premiums paid in advance, 4,270 26 

Liability on lapsed policies, 19,830 

Accrued rents, &c, 4,7i 



Liabilities as to policy-holders, $4,427,300 17 

Surplus as regards policy-holders, .... 389,530 36 



Gross liabilities, 1,816,890 53 

Premium Xote Account. 

Premium notes on hand Dec. 31, 1876, . $155,470 66 
Premium notes or loans received during 1877, 18,440 75 

Total, 8173,911 41 

Used in payment of losses and claims, . . . . ^ 

Used in payni't of surrend'd policies, and voided by lapse, j- 37,556 57 

Redeemed by maker in cash, ) 



Balance note assets, Dec. 31, 1877, .... $136,354 84 

Exhibit of Policies. 
Policies and Additions in force Dec. 31, 1876. 

Number. Amount. 

Whole-life policies, 8,323 '$16,853,218 00 

Endowment policies, 1,847 3,416,944 00 

All other policies, 133 565,500 00 

New Policies issued in 1877. 

Whole-life policies, 2,323 5,161,770 00 

Endowment policies, 555 650,555 00 

All other policies, 1,213 2,642,180 00 

Old Policies revived during the Year. 

Whole-life policies, 61 118,250 00 

Endowment policies, 15 35,000 00 

All other policies, 2 6,000 00 



1877.] 



OF OTHER STATES. 



123 



Old Policies increased during the Year. 

Number. Amount. 

Whole-life policies, 16 $43,000 00 

Endowment policies, 6 10,000 00 

All other policies, 6 10,200 00 



Total number and amount, .... 14,500 


$29,512,617 00 


Policies ceased to be in force during the Year 




Terminated by death, . . . . . 137 


$287,582 00 


by maturity, 17 


22,280 00 


by expiry, 22 


98,000 00 


by surrender, ..... 402 


1,075,235 00 


by lapse, 2,178 


5,156,490 00 


by change and decrease, . . 27 


207,840 00 


Not taken, 637 


1,475,000 00 



Total terminated, 



3,420 $8,322,427 00 



Policies in force Dec. SI, 1877. 

Whole-life policies, 8,744 $17,045,571 00 

Endowment policies, 1,829 2,931,389 00 

All other policies, 507 1,213,230 00 



Totals, 



11,080 $21,190,190 00 



Schedule A. 
Securities held as Collateral. 

Market value. 

Brewers' and Grocers' Bank stock, . . . $2,700 00 
Importers' and Traders' National Bank stock, . 2,050 00 

Assignment of mortgage, 42,500 00 

United States bonds, 6s, 4,275 00 

Dime Savings Bank stock (Chicago) ... - 

United States 5-20 bonds, .... 312,331 25 



Schedule B. 
Stocks and Bonds owned by the Company. 



United States bonds, . 
New- York city bonds, 
New- York county bonds, 
Brooklyn city bonds, . 
Chicago city bonds, . 
South-Norwalk (Conn.) water bonds, 
Buffalo city bonds, 



Cost value. 

$211,845 88 
196,776 67 
321,875 00 
204,370 43 
50,000 00 
100,000 00 
140,000 00 



Amount loaned. 

$2,000 00 

1,600 00 

30,000 00 

4,000 00 

1,500 00 

300,000 00 

$339,100 00 



Market value. 

$192,980 81 

207,500 00 

341,160 00 

230,280 00 

53,500 00 

105,000 00 

147,600 00 



124 



LIFE INSURANCE COMPANIES [Dec. 31, 



Erie county bonds, 
Jersey-City city bonds, 
District of Columbia bonds, 
Kings county bonds, . 
East-Chester town bonds, . 
Richmond county bonds, . 



Cost value. 

$25,000 00 

104,000 00 

105,132 49 

56,562 50 

14,970 00 

2,562 50 



Market value. 

.500 00 

110,250 00 

114,375 00 

57,750 00 

14,645 00 

2,575 00 



81,533,095 47 $1,605,115 81 



VERMONT LIFE INSURANCE COMPANY OF BURLING- 
TON, VT. 

[Incorporated Oct. 28, 1868. Commenced business Jan. 1, 1869.] 

Paid-up Capital, 8100,000. 

President, James R. Hosmer. Vice-President, Russell S. Taft. 

Secretary and Actuary, Warren Gibbs. 



Income. 

Total premium income, ....... 

Cash received for interest on stocks, bonds, and loans, 

Total income, . . . . ... 

Net or ledger assets, Dec. 31, 1876, 

Total, 

Disbursements. 

Amount paid for losses and endowments, .... 

Cash paid for surrendered policies, 

Premium notes or loans used in purchase of surrendered 
policies, and voided by lapse, ...... 

Cash surrender values, including re-converted additions ap- 
plied in payment of premiums, ..... 

Cash dividends paid policy-holders, applied in payment 
of premiums, 

Total paid policy-holders, 

Cash paid for dividends to stockholders, .... 
for commissions to agents, ..... 
for salaries and travelling expenses of agents, . 
for medical examiners' fees, .... 
for salaries of officers and office employes, . 
for taxes and fees, ...... 



-.745 75 
9,424 85 


-.170 60 

173,078 77 


3211,249 37 

31,034 34 
743 28 



2,374 05 



1,143 71 
2,604 20 



37,899 58 


6,000 00 


4,052 42 


1.401 54 


430 00 


4.203 55 


314 57 



1877.] 



OF OTHER STATES. 



125 



Cash paid for rent, 

for furniture and office fixtures, . 
for advertising, .... 
for other items, .... 

Total disbursements, .... 

Balance, 



$1,188 


81 


230 


38 


438 


82 


830 


68 


$26,990 35 


$184,259 02 



Invested in the following : 



Assets as per Ledger Accounts. 

Cost value of real estate, $12,141 84 

Loans on mortgage of real estate (first liens), . . . 101,565 00 

on collateral security (schedule A), . . . . 19,000 00 

on company's policies assigned as collateral, . . 536 00 

Premium notes or loans on policies in force, . . . 6,385 35 

Cost value of stocks and bonds owned (schedule B), . . 29,085 00 

Cash in company's office, 2,415 81 

Cash deposited in bank, ....... 12,358 25 

Bills receivable, 771 77 

Ledger assets (as per balance) , $184,259 02 

Deduct depreciation from cost of assets, . . . . 1,154 00 

Total net or ledger assets, $183,105 02 



Other Assets. 

Interest due and accrued, .... 
Market value of real estate over cost, 
Uncollected premiums on policies in force, . 
Deferred premiums on policies in force, 


• • • 

. $7,442 85 
. 2,463 38 


2,351 80 
608 16 


Total, 

Deduct loading, ...... 

Net am't of uncollected and deferred premiums, 
Furniture and fixtures, .... 


. $9,906 23 
. 1,998 99 


7,907 24 
1,250 00 


. 


Total assets per company's books, 


$195,222 22 



Items not Admitted. 



Furniture and fixtures, 
Bills receivable, . 
Total,. 

Total admitted assets, 



,250 00 

771 77 


- 2,021 77 




. , 


$193,200 45 



126 



LIFE INSURANCE COMPANIES [Dec. 31, 



Liabilities. 

Computed prem. reserve or net present value of 

all outstanding policies (actuaries' 4 per ct.), $91,973 00 

Deduct net value of re-insured risks, . . . $923 00 

Xet re-insurance reserve, . 

Liabilities as to policy-holders, . 
Surplus as regards policy-holders, 

Gross liabilities, 

Exhibit of Policies. 

Policies and Additions in force Dec. 31, 1876. 

Whole-life policies, 

Endowment policies, 

All other policies, 



$91,050 00 

$91,050 00 
102,150 45 

$193,200 45 



New Policies issued in 1877. 

Whole-life policies, 

Endowment policies, 

All other policies, 

Additions by dividends, 

Total number and amount, .... 

Policies ceased to be in force during the Year. 

Terminated by expiry, 

by surrender, . 

by lapse, . 

by change and decrease, 
Not taken, 

Total terminated, 



Policies in force Dec. 31, 1877. 



Whole-life policies, 
Endowment policies, 
All other policies, 

Totals, 



Number. 


Amount. 


350 


8686,531 00 


138 


213,615 00 


27 


39,854 00 


163 


395,226 00 


28 


52,045 00 


20 


40,500 00 


- 


113 00 


726 


81,427,884 00 


he Year. 




5 


.584 00 


20 


30,700 00 


56 


134,700 00 


- 


2,500 00 


69 


185,400 00 


150 


$361,884 00 


t 
403 


12,028 00 


131 


182,202 00 


42 


71,770 00 


576 


$1,066,000 00 



Schedule A. 
Securities held as Collateral. 



United States 5-20 bonds, . 
United States 10-40 bonds, 
36 shares Merchants' National Bank, 
30 " Howard National Bank, 



Market value. Amount loaned. 

. $1,075 00 81,000 00 

645 00 \ 
. 1,584 00 C 5,000 00 
. 3,000 00 ) 



1877.] 



OF OTHER STATES. 



127 



Market value. Amount loaned. 



50 shares Howard National Bank, 

10 " National Car Co., 

70 " National Car Co. , 

84 " Burlington Gas Light Co. , 

50 " Burlington Gas Light Co., 



$5,000 00 
700 00 
4,900 00 ? 
2,100 00 > 
1,250 00 



Schedule B. 

Stocks and Bonds owned by the Company. 

Cost value. 

Burlington city bonds, .... $10,700 00 

119 shares Merchants' National Bank, . . 5,700 50 

50 shares Howard National Bank, . . . 5,200 00 

82 " Burlington Gas Light Co., . . 2,050 00 

United States bonds, 5,434 50 



$5,000 00 
500 00 

6,500 00 
1,000 00 



$20,254 00 $19,000 00 



Market value. 

$10,700 00 
5,236 00 
5,000 00 
2,050 00 
4,945 00 



$29,085 00 $27,931 00 



WASHINGTON LIFE INSURANCE COMPANY OF 
NEW YORK. 

[Incorporated January, 1860. Commenced business Feb. 2, I860.] 

Paid-up Capital, $125,000. 

President, Cyrus Curtiss. Vice-President Wm. A. Brewer, Jun. 

Secretary, Wm. Haxtun. Actuary, Wm. A. Brewer, Jun. 

Principal Office, cor. Church and Courtlandt Streets. 



Income. 

Total premium income, 

Cash received for interest on stocks, bonds, and loans, 

for interest on other debts due the company 
as discount on claims paid in advance, . 
for profits on bonds, stocks, or gold sold, 



Total income, .... 
Net or ledger assets, Dec. 31, 1876, . 



$983,839 16 

289,340 05 

3,936 09 

1,909 16 

1,253 81 

}1, 280,278 27 

4,871,504 20 



Total, $6,151,782 47 



Disbursements. 
Cash paid for losses and additions, 

for matured endowments and additions, 



$325,441 63 
68,484 08 



Gross amount paid for losses and endowments, . 



$393,925 71 



128 



LIFE INSURANCE COMPANIES [Dec. 31, 



Cash paid to annuitants, ....... 

for surrendered policies, 

surrender values, including re-converted additions ap- 
plied in payment of premiums, 

Cash dividends paid policy-holders, applied in payment of 
premiums, ......... 

Total paid policy-holders, 

Cash paid for dividends to stockholders, .... 

for commissions to agents, ..... 

for salaries and travelling expenses of agents, . 

for medical examiners' fees, .... 

for salaries of officers and office employes, . 

for taxes and fees, 

for rent, 

for commuting commissions, .... 

for advertising, ....... 

for other items ; viz. , — 

Loss on sale of bonds, . 1,490 62 

Incidental expenses, . . 33,784 71 



1 1,465 48 
283,107 66 

14,070 17 

170,246 00 

$862,815 02 
9,548 22 

52,952 90 
7,600 03 
5,990 50 

47,442 76 
7,236 29 
7,500 00 

27,532 10 

15,313 16 



35.275 33 



Total disbursements, 



81,079,206 31 



Balance, $5,072,576 16 

Invested in the following : — 

Assets as per Ledger Accounts. 

Cost value of real estate, $227,551 15 

Loans on mortgage of real estate (first liens), . . . 2,345,366 79 

Loans on company's policies assigned as collateral, . . 15,408 24 

Cost value of stocks and bonds owned (schedule A), . . 2,195,716 30 

Cash in company's office, ....... 4,548 94 

Cash deposited in bank, . . . . . . 266,207 12 

Agents' ledger balances, 17,777 62 

Ledger assets (as per balance) , 85,072,576 16 



Other Assets. 

Interest due and accrued, .... 
Market value of stocks and bonds, over cost, 
Uncollected premiums on policies in force, . 
Deferred premiums on policies in force, 



$37,353 69 
109,456 96 



Total, $146,810 65 

Deduct loading (20 per cent), . . . 29,362 13 
Net am't of uncollected and deferred premiums, 



55,594 77 
125,408 70 



Total assets per company's books, 



- 117.448 52 
. $5,371,028 15 



1877.] 



OF OTHER STATES. 
Items not Admitted. 



Agents' balances, 

Total admitted assets, . 



129 



. |17,777 62 
. $5,353,250 53 



$982 64 



Liabilities. 

Computed premium reserve or net present value of all out- 
standing policies (actuaries' 4 per cent), . . . $4,695,975 00 

Death losses due and unpaid, 

Death losses and matured endowments in pro- 
cess of adjustment, 

Claims resisted by the company, 
Total policy claims, 

Unpaid dividends due stockholders, . 

Due for salaries, rent, and office expenses, 

Premiums paid in advance, 



Liabilities as to policy-holders, . 
Surplus as regards policy-holders, 



14,746 84 
17,000 00 


32,729 48 
78 75 


• • 


• 


3,250 00 

8,910 97 



:,740,944 20 
612,306 33 



Gross liabilities, $5,353,250 53 



Exhibit of Policies. 

Policies and Additions in force Dec. 31, 1876. 



Whole-life policies, . 
Endowment policies, . 



New Policies issued in 1877. 



Whole-life policies, . 
Endowment policies, . 



Old Policies revived during the Year. 

Whole-life policies, 

Endowment policies, .... 



Number. 


Amount. 


. 8,575 


$20,085,334 00 


. 2,324 


4,261,172 00 


948 


1,776,415 00 


. 265 


369,175 00 


e Year. 




155 


389,750 00 


40 


80,530 00 



Total number and amount, 



. 12,307 $26,962,376 00 



Policies ceased to be in force during the Year. 
Terminated by death, 

by maturity, . 

by surrender, . 

by lapse, . 

by change and decrease, 



Not taken, 



113 


$292,575 00 


40 


64,465 00 


838 


2,055,660 00 


815 


1,716,800 00 


- 


17,118 00 


272 


487,895 00 



Total terminated, 
17 



. 2,078 $4,634,513 00 



130 LIFE INSURANCE COMPANIES. [Dec. 31, '77. 
Policies in force Dec. 31, 1877. 

Number. Amount. 

Whole-life policies, 8,047 $18,478,426 00 

Endowment policies, 2,182 3,849,437*00 



Totals, 10,229 $22, 327, 863 00 

Schedule A. 

Stocks and Bonds owned by the Company. 

Cost value. Market value. 

United States registered bonds, . . . $559,920 00 $543,150 00 

New- York city registered bonds, . . 1,235,742 29 1,362,975 00 

Brooklyn city registered bonds, . . . 391,998 63 $406,000 00 

Kingston town bonds, .... 8,055 38 9,000 00 



$2,195,716 30 $2,321,125 00 



ACCIDENT INSURANCE COMPANIES 

OF OTHER STATES. 



Detailed Statements of' Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

December 31, 1877. 



132 



ACCIDENT INSURANCE COS. [Dec. 31, 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



RAILWAY PASSENGERS' ASSURANCE COMPANY OF 
HARTFORD, CONN. 

[Incorporated May, 1865. Commenced business February, 1866.] 

Paid-up Capital, $300,000. 

President, James G. Batterson. Vice-President, Rodney Dennis. 

Secretary, Charles E. Willard. 



Income. 

Total premium income, ...... 

Cash received for interest on stocks, bonds, and loans, 
as discount on claims paid in advance, . 
Miscellaneous, 



Total income, 
Net or ledger assets, Dec. 31, 1876, 



25,838 17 

85 50 

136 66 

$108,302 91 
475,337 90 



Total, $583,640 81 



Disbursements. 

Cash paid for losses and additions, .... 
for dividends to stockholders, 
for commissions to agents, .... 
for travelling expenses of agents, 
for medical examiners' fees and loss expenses, 
for salaries of officers and office employes, . 
for taxes and fees, ..... 

for rent, 

for advertising, 

for other items; viz., — 

Loss on sale of stocks, . $13,252 00 
Miscellaneous, .... 5,798 53 



842,451 41 

27,000 00 

25,494 00 

10 81 

8'6S 05 

17,100 24 

5,774 OS 

1,000 00 

2,880 03 



19,050 53 



Total disbursements, . 
Balance, 



. $144,459 15 



$439 ? 1S1 66 



1877.] 



OF OTHER STATES. 



133 



Invested in the following: — 

Assets as per Ledger Accounts. 

Loans on mortgage of real estate (first liens), . 
Cost value of stocks and bonds owned (schedule A), 
Cash in company's office, ..... 
Cash deposited in bank, ..... 
Non-resident tax, ...... 



Ledger assets (as per balance), . 



886,000 00 

330,096 86 

401 61 

21,383 19 

1,300 00 

$439,181 66 



Other Assets. 
Market value of stocks and bonds, over cost, 

Total assets per company's books, 



2,198 64 



$441,380 30 



Liabilities. 

Premium reserve on account of accident risks outstanding 
Dec. 31, 1877 (estimated), 

Death losses and matured endowments in process 
of adjustment, $6,000 00 

Claims resisted by the company, . . . 14,000 00 
Total policy claims, 

Liabilities as to policy-holders, ..... 
Surplus as regards policy-holders, .... 



$15,000 00 



20,000 00 

$35,000 00 
406,380 30' 



Gross liabilities, $441,380 30 



Schedule A. 
Stocks and Bonds owned by the Company. 

Cost value. Market value. 

United States bonds, $65,625 94 $66,757 50 

Connecticut State bonds, 39,050 50 47,400 00 

Hartford city bonds, 9,746 25 10,700 00 

Norwich (Conn.) city bonds, .... 10,300 00 10,300 00 

Chicago water loan, 9,800 00 10,000 00 

Southern-Minnesota R.R. bonds, . . . 9,234 66 7,000 00 

North-Missouri R.R. bonds, .... 8,362 50 10,350 00 

Milwaukee and St. Paul R.R. bonds, . . 9,312 50 10,700 00 

Lake-Shore R.R. bonds, 1,000 00 1,080 00 

Dubuque and Sioux-City R.R. bonds, . . 9,600 00 10,300 00 

Hartford, Providence, and Fishkill R.R. bonds, 4,970 14 5,400 00 

Buffalo, New- York, and Erie R.R. bonds, . . 21,000 00 21,650 00 

Shoe and Leather National Bank (N.Y.), . . 7,560 67 7,788 00 

American Exchange National Bank (N.Y.), . 11,414 00 10,550 00 

Merchants' Exchange National Bank (N.Y.), . 11,125 00 6,400 00 



134 



ACCIDENT INSURANCE COS. [Dec. 31, 



Fourth National Bank (N.Y.), . 

City National Bank (Hartford), 

Hartford Trust Company, .... 

Connecticut Trust Company, 

New- York, New-Haven, and Hartford R.R. 

Chicago, Rock-Island, and Pacific R.R., . 



Cost value. 

. 88,312 50 
. 20,716 
. 12,056 20 

. 15,000 00 
. 34,799 00 
. 11,110 25 



Market value. 

10 00 

•0 00 

9,605 00 

10 00 

150 00 

25 00 



:o,096 86 8332,205 50 



TRAVELERS' INSURANCE COMPANY (ACCIDENT DEPART- 
MENT) OF HARTFORD, CONN. 

[Incorporated June 17, 1863. Commenced business April 1, 1864.] 
Paid-up Capital, §600,000. 
President, James G. Batterson. Vice-President, Gustavus F. Da 
Secretary, Rodney Dennis. Actuary, Geokge Ellis. 



Income. 

Total premium income, 

Cash received for interest on stocks, bonds, and loans, 

for interest on other debts due the company 
as discount on claims paid in advance, 
for rents of company's property, . 
for profits on bonds, stocks, or gold sold, 

Total income, . 

Net or ledger assets, Dec. 31, 1876, .... 



Total, 



Disbursements. 

Ca-<h paid for losses and additions 

for dividends to stockholders, . 

for commissions to agents, .... 

for salaries and travelling expenses of agents, 
for salaries of officers and office employes, . 
for taxes and fees, ..... 

for rent, ....... 

for furniture and office fixtures, . 

for advertising, ...... 

for incidentals, ...... 

Total disbursements, ...... 

Balance, ........ 



1718,081 62 

61,879 91 
1,486 01 

404 23 

696 60 

1,305 46 

1,097,310 96 
$1,8S4,144 79 



2,930 65 

72,000 00 

152,890 49 

93,45: 

41.558 59 

9,264 05 
18,080 

:3 94 
19,621 49 
60,376 03 

2.719 65 

31, 111.425 14 



1877.] 



OF OTHER STATES. 



135 



Invested in the following: — 

Assets as per Ledger Accounts. 

Cost value of real estate, . . . 

Loans on mortgage of real estate (first liens), . 

Loans on collateral security (schedule A) , . 

Cost value of stocks and bonds owned (schedule B), 

Cash in company's office, ..... 

Cash deposited in bank, ..... 

Bills receivable, ...... 

Agents' ledger balances, ..... 

Ledger assets (as per balance) , . 
Deduct depreciation from cost of assets, . 

Total net or ledger assets, .... 



$15,645 15 

257,032 79 

25,000 00 

782,597 37 

1,059 37 

25,982 64 

2,397 75 

1,710 07 

81,111,425 14 

9,512 02 

81,101,913 12 



Other Assets. 



Interest due and accrued, . 

Total assets per company's books, 



11,643 95 



81,113,557 07 



Items not Admitted. 



Agents' balances, 

Bills receivable, . 

Total, 

Total assets of Accident Department, . 
Total assets of Life Department, 

Gross assets, 



. 81,710 07 
. 2,397 75 



4,107 82 



. 81,109,449 25 
. 3,207,082 40 

. 84,316,531 65 



Liabilities. 

Premium reserve on account of accident risks outstanding 

Dec. 31, 1877, 8198,514 67 

Death losses in process of adjustment, . $49,500 00 
Claims resisted by the company, . . . 14,000 00 

Total policy claims, 63,500 00 

Due for salaries, rent, and office expenses, . . . 5,000 00 



Liabilities as to policy-holders in Accident Departm't, 8267,014 67 
Liabilities as to policy-holders in Life Department, . 2,810,526 00 



Gross liabilities, .... 
Surplus as regards policy-holders, 



. $3,077,540 67 
. 1,238,990 98 



136 



ACCIDENT INSURANCE COS. [Dec. 31, 



Exhibit of Policies. 

Accident policies in force Dec. 31, 1876, . 
New policies issued in 1877, .... 

Total, 



Number. Amount. 

34,309 196,992,200 00 

39,090 107,535,083 00 



73,399 | T,283 00 

Policies ceased to be in force during the Year. 
Terminated by death, 



by expiry, 

Total terminated, 
Policies in force Dec. 31, 1877, . 



75 8177,325 00 
40,541 113,408,250 00 



. 40,616 $113,585,575 00 
. 32,783 890,941,708 00 



Massachusetts Business. 



Policies issued, . 
Amount insured, 



2,698 
$9,429,500 00 



Schedule A. 
Securities held as collateral. 



Soldier township (Kan.) bonds, 
Jefferson township (Kan.) bonds, 



Market value. 

$15,300 00 
. 15,300 00 

$30,600 00 



Amount loaned. 

$25,000 00 



Schedule B. 

Stocks and Bonds owned by the Company. 

Cash value. 

United States bonds, $359,526 96 

Connecticut State bonds, 10,289 66 

Tennessee State bonds, ..... 26,677 50 

Virginia State bonds, 14,582 00 

Elizabeth city bonds, . . . . . 9,593 33 

Chicago water loan bonds, . . . . .19,200 00 
Indianapolis and Cincinnati R.R. bonds, . . 12,090 00 
Chicago and North-western R.R. bonds, . . 10,312 50 
Hartford, Providence, and Fishkill R.R. bonds, 17,614 28 
200 shares N.Y., New-Haven, and Hart. R.R., 31,973 75 
American National Bank, . . . 13,782 50 
City National Bank (Hartford), .21,744 00 
Phoenix National Bank (Hartford), . 32,860 50 
FarV and MechV Nat. B'k (H'tf'd), 22,822 88 
Mercantile Nat. Bank (Hartford,), . 9,982 00 
Hartford National Bank (Hartford), 48,610 13 
National Exchange Bank (Hartford), 12,937 01 
^Etna National Bank (Hartford), . 12,610 87 
New-Britain National Bank, . . 11,500 00 
Nassau National Bank (N.Y.), . . 11,000 00 
Hartford Trust Co., . . . . 12,702 50 
Railway Passengers' Assurance Co., 60,185 00 



250 " 


200 " 


247 " 


181 " 


100 " 


300 " 


200 " 


100 " 


100 " 


100 " 


120 " 


604 " 



Market value. 

$365,982 50 
10,900 00 
12,090 00 
16,965 00 
9,000 00 
21.400 00 
11,700 00 
10,800 00 
19,440 00 
31,800 00 
16,250 00 
18,200 00 
37,050 00 
20,453 00 
11,500 00 
45,000 00 
13,200 00 
12,000 00 
12.000 00 
9,000 00 
10.200 00 
60,400 00 



$782,597 37 $775,330 50 



1877.] 



OF OTHER STATES. 



137 



HARTFORD STEAM-BOILER INSPECTION AND INSURANCE 
COMPANY, HARTFORD, CONN. 

[Incorporated June, 1866. Commenced business October, 1866.] 

Paid-up Capital, $200,000. 

President, J. M. Allen. Secretary, J. B. Peirce. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Connecticut State bonds, 6s, . . . . $70,000 00 $77,000 00 

Dayton and Western R.R. bonds, . . . 15,000 00 11,550 00 

Urbana township bonds, 4,000 00 4,000 00 

Evansville (Ind.) city bonds, .... 10,000 00 9,500 00 

District of Columbia bonds, .... 46,000 00 34,500 00 

Peoria township bonds, 5,000 00 4,850 00 

Peoria county bonds, 5,000 00 5,250 00 

50 shares City National Bank, Hartford, . 5,000 00 4,500 00 

13 " Hartford National Bank, . . 1,300 00 1,950 00 

50 " Security Co., 5,000 00 5,000 00 

100 " N.Y., New-Haven, and Hart. R.R., 10,000 00 15,400 00 

$176,300 00 $173,500 00 

Summary of Assets, Dec. 31, 1877. 
Loans on mortgage of real estate (first liens*), $71,050 00 



Interest due or accrued thereon, 


2,177 05 




Stocks, bonds, &c, as per schedule, 


173,500 00 




Cash in the office of the company, . 


134 


62 




Cash deposited in the Conn. Riv. Bank'g Co., 


13,079 


01 




Interest due and accrued, .... 


3,827 49 




Premiums in course of collection (net), . 


19,543 


04 




Gauges, pumps, &c, 


2,400 00 




Gross assets, ...... 

Liabilities. 






$285,711 21 






Losses claimed and reported, 


$2,775 00 




Unearned premiums on outstanding risks, . 


57,139 


46 




Net reserve under Inspection Department, . 


19,519 


53 




Due and accrued for rent, salaries, &c, 


375 


00 




Gross liabilities, except capital, 






79,808 99 






Surplus as regards policy-holders, 


$205,902 22 


Paid-up capital, ....... 




• 


200,000 00 


Surplus over capital, . 


$5,902 22 


* Value of lands mortgaged, . 


. 




$204,375 00 


Value of buildings thereon, .... 


• 


• 


37,925.00 


Total value of property mortgaged, . 


$242,300 00 


Amount of insurance held as collateral, 


. 


. 


12,000 00 



18 



138 



ACCIDENT INSURANCE COS. [Dec. 31, 



Income. 
Cash received for premiums, . . . $120,723 25 
Deduct re-insurance, rebate, and return prem's, . 8,884 21 

Net cash received for premiums, . . . 8111,839 04 

Interest received on bonds and mortgages, .... 6,369 M 

Interest and dividends received from all other sources, . 74 84 

Income from inspection, plans, &c, . . . . 51,838 54 



Gross cash income, 



79,621 98 



Expenditures. 

Cash paid for losses, 

dividends paid, 

paid for commissions and brokerage, . 
for salaries of officers and employes, 
for State and local taxes, 
for office, agency, and incidental expenses, 

Gross cash expenditures, .... 



83,400 50 
20,000 00 
42. 

11.700 00 

30 96 

77,594 64 

. $158,013 37 



Risks and Premiums. 

Premiums. 

Risks outstanding Dec. 31, 1876, . . $13,958,269 00 $123,331 62 

Risks written during 187 . . . 13,482,149 00 119,279 55 



Total, $27,440,418 00 $242,611 17 

Deduct risks expired and terminated, . . 14,484.510 00 128,332 24 



In force at end of year, 



. $12,955,908 00 §114,278 93 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent), 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$1,292,453 61 

86.327 34 

117.250 00 

20,000 00 

5,541 73 

35,240 00 



Massachu 
Risks written, 
Premiums received (gross), 
Received for inspections, 
Losses paid, 
Losses incurred, . 



setts Business. 



§2.274.194 00 

16,7S1 68 

7,575 64 

376 64 

376 64 



1877.] 



OF OTHER STATES. 



139 



KNICKERBOCKER CASUALTY INSURANCE COMPANY, 
NEW-YORK CITY. 

[Incorporated March 20, 1876. Commenced business May 1, 1876.] 

Paid-up Capital, $100,000. 

President, Thomas A. Da vies. Secretary, John M. Crane. 

Office, No. 176 Broadway. 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens*), $77,000 00 
Interest due or accrued thereon, .... 3,840 75 



United States bonds, .... 

Cash in the office of the company, 

Cash deposited in various banks, . 

Interest due and accrued, 

Premiums in course of collection (gross), 

Salvage, $998 50 



23,690 00 

426 04 

13,806 90 

751 44 

6,409 82 



Rents, 

Gross assets, .... 

Liabilities. 

Losses claimed and reported, 

Losses disputed or resisted, . 

Unearned premiums on outstanding risks, 

Due and accrued for rent, salaries, &c, 

Due for borrowed money, &c, 

Commissions and brokerage, 

Agents' credit balances, 

Gross liabilities, except capital, 

Surplus as regards policy-holders, 
Paid-up capital, ..... 



41 66 



1,040 16 



$475 55 

115 00 

16,365 97 

1 40 

175 00 

1,602 45 

1 15 



Surplus over capital, .... 

Income. 

Cash received for plate-glass risks, 

Deduct re-insurance, rebate, and return prem's, 

Net cash received for plate-glass risks, . 
Cash received for boiler risks, 
Deduct re-insurance, rebate, and return prem's, 

Net cash received for boiler risks, 

* Value of lands mortgaged, .... 
Value of buildings thereon, .... 

Total value of property mortgaged, 
Amount of insurance held as collateral, 



$126,965 11 



18,736 52 

$108,228 59 
100,000 00 

$8,228 59 



$13,116 17 




187 


18 


$12,928 99 






. $3,703 


57 




. 174 


51 


3,529 06 






. . 


t 


$120,000 00 


• 


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40,000 00 




$160,000 00 


. 


. 


3§,000 00 



140 



ACCIDENT INSURANCE COS. [Dec. 31, 



Cash received for accident risks, . . . $14,646 28 
Deduct re-insurance, rebate, and return prem's, . 247 29 

Net cash received for accident risks, . . $14,398 99 

Interest received on bonds and mortgages, .... 2,642 23 

Interest and dividends received from all other sources, . 2,659 70 

Income from all other sources; viz., — 

Directors' call loan, . . 8175 00 
Agents' credit balance, . 1 15 

176 15 



Gross cash income, 



. 836,335 12 



Expenditures. 

Cash paid for plate-glass risks, . 

Deduct salvage, ..... 
Net cash paid for losses, 

Cash paid for accident risks, 

for commissions and brokerage, 
for salaries of officers and employes, . 
for State and local taxes, and fees, 
for office and incidental expenses, 

Gross cash expenditures, . 

Risks and Premiums. 



84,160 97 
321 62 



Plate-glass risks outstanding Dec. 31, 1876, 
Plate-glass risks written during 1877, . 

Total, 

Deduct risks expired and terminated, . 

In force at end of year, 

Boiler risks outstanding Dec. 31, 1876, 
Boiler risks written during 1877, . 

Total, 

Deduct risks expired and terminated, . 

In force at end of year, 

Accident risks outstanding Dec. 31, 1876, 
Accident risks written during 1877, 

Total, . . . . 
Deduct risks expired and tenninated, . 



8207,421 00 
550,996 00 

-.417 00 
347,894 00 



.839 35 

1,017 33 

7,7) 

20 24 

2,455 85 

7. .336 30 

829.707 29 



Premiums. 

86,346 87 
17,929 56 

824.276 43 
11.036 91 



8410,523 00 $13,239 52 



158,360 00 
538,450 00 

8696,810 00 
262,260 00 



1.729 80 
5,304 10 

87.033 90 
2.647 60 



8434,550 00 84,386 30 



585,382 00 
9,168,716 00 

89,754,098 00 
6,122,380 00 



2.755 69 
20,603 64 

823.359 33 
53 21 



In force at end of year, 



83,631,718 00 815,106 12 



1877.] OF OTHER STATES. 141 

Miscellaneous. 

Premiums received from organization of company, . . $40,261 28 

Losses paid from organization of company, .... 5,312 94 

Losses incurred during the year, 5,128 62 

Company's stock owned by directors, ..... 100,000 00 

; Massachusetts Business. 

riate glass. Accident. 

Risks written, $1,793 30 $230,760 00 

Premiums received (gross), 53 68 273 50 

Losses paid, - 10 00 

Losses incurred, ....... - 10 00 



METROPOLITAN PLATE-GLASS INSURANCE COMPANY, 

NEW YORK. 

[Incorporated April 22, 1874. Commenced business April 23, 1874.] 

Paid-up Capital, $100,000. 

President, Henry Harteau. Secretary, Thomas S. Thorpe. 

Office, No. 61 Liberty Street. 

Summary of Assets, Dec. 31, 1877. 

United States bonds, market value, . . $100,576 66 

Cash in the office of the company, . . . 592 98 

Cash deposited in various banks, . . . . 8,152 35 

Interest due and accrued, 643 67 

Premiums in course of collection (net), . . 4,701 45 

Glass on hand, ....... 6,221 05 

Storehouse implements, ..... 450 20 

Gross assets, $121,338 36 

Liabilities. 

Unearned premiums on outstanding risks, . §25,783 96 

Due and accrued for rent, salaries, &c, . . 34 15 

Gross liabilities, except capital, . . . 25,818 11 



Surplus as regards policy-holders, . .... $95,520 25 
Paid-up capital, . 100,000 00 



Impairment of capital, $4,479 75 

Income. 
Cash received for premiums, . . . $57,198 56 
Deduct re-insurance, rebate, and return prem's, 6,217 45 

Net cash received for premiums, . . . $50,981 11 



142 



ACCIDENT INSURANCE COS. [Dec. 31, 

. $3,477 11 



Interest and dividends received from all sources, . 

Income from rents, . . . . . . 8100 00 

Income from glass sold, 2,037 79 



Gross cash income, 



2,137 79 



$56,596 01 



Expenditures. 

Cash paid for losses, .... 
Deduct salvage and re-insurance, 

Net cash paid for losses, 
Cash dividends paid, .... 

paid for commissions and brokerage, 

for salaries and incidental expenses, 

Gross cash expenditures, 



$20,638 79 
304 19 



20,334 60 

7,500 00 

10,399 01 

13,114 68 

"1,348 29 



Risks and Premium-. 

Premiums. 

Risks outstanding Dec. 31, 1876, . . $1,072,790 00 $35,151 22 

Risks written during 1877, .... 1,926,179 00 57,785 37 



Total, 

Deduct risks expired and terminated, . 

In force at end of year, 



82,998,969 00 $92,936 59 
1,378,955 00 41,368 67 



. 81,620,014 00 $51,567 92 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$186,420 00 
64,558 09 
22,000 00 
20,968 76 
36,000 00 



Massachusetts Business. 



Risks written, 
Premiums received (gross), 
Losses paid, 
Losses incurred, . 



8171.304 00 
5,139 12 
1,458 20 
1,458 20 



1877.] OF OTHER STATES. 143 

UNITED STATES PLATE-GLASS INSURANCE COMPANY, 
PHILADELPHIA, PENN. 

[Incorporated April 12, 1867. Commenced business August, 1867.] 

Paid-up Capital, $100,000. 

President, Joseph S. Chahoon. Secretary, Isaac Rindge. 

Office, No. 134 South-Fourth Street. 

Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $30,746 00 
Loans on mortgage of real estate (first liens), . 52,000 00 
Loans on collateral security, .... 8,305 00 
Cash in the office of the company, and deposited 

in People's Bank, 1,718 01 

Premiums in course of collection (net), . . 5,042 58 

Rents, &c, due, . 656 41 

Salvage and glass on hand, ..... 3,828 39 
Judgments in favor of company, . $10,000 00 
Improvement on real estate, . . 2,500 00 



Gross assets, . . . . 12,500 00 $102,296 39 

Liabilities. 
Losses adjusted, unpaid, ..... $302 25 

Unearned premiums on outstanding risks, . . 6,628 94 

Due and accrued for salaries, &c, . . . 2,342 95 

Due for borrowed money, ..... 2,207 75 

Gross liabilities, except capital, . . . 11,481 89 



Surplus as regards policy-holders, $90,814 50 

Paid-up capital, 100,000 00 



Impairment of capital, $9,185 50 

Income. 

Cash received for premiums, . . . $15,200 68 
Deduct re-insurance, rebate, and return prem's, . 593 46 

Net cash received for premiums, . . . $14,607 22 

Interest received on bonds and mortgages, .... 2,977 62 
Income from glass, rents, &c, 3,686 06 



Gross cash income, $21,270 90 

Expenditures. 

Cash paid for losses, $4,140 55 

for commissions and brokerage, .... 1,985 37 

for salaries and incidental expenses, . . . 9,270 88 



144 ACCIDENT INSURANCE COS. [Dec. 31,77. 

Cash paid for State and local taxes, $811 69 

for interest and rents, 2,627 37 



Gross cash expenditures, 818,835 86 

Risks and Premiums. 

Premiums. 

Risks outstanding Dec. 31, 1876, . . $376,284 00 $16,052 52 

Risks written during 1877, .... 371,781 00 15,200 68 



Total, $748,065 00 $31,253 20 

Deduct risks expired and terminated, . . 421,078 00 17,995 31 



In force at end of year, . . . $326,987 00 $13,257 89 

Massachusetts Business. 

Risks written, $47,358 00 

Premiums received (gross), . 1,662 85 

Losses paid, 123 59 

Losses incurred, 728 96 



LIFE, CASUALTY, AND ACCIDENT 

INSURANCE COMPANIES 

OF OTHEK STATES 

Authorized to do Business in Massachusetts, with the Agents 
acting for the same, and the amount of business done 
by Each Agent, for the Year ending October 
31, 1877, as returned to the tax com- 
missioner, and by him compiled. 



19 



146 



AGENTS OF LIFE INSURANCE [Oct. 31, 



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148 



AGENTS OF LIFE INSURANCE [Oct. 31, 



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AGENTS AND SUB-AGENTS. 



20 



154 



AGENTS AND SUB-AGENTS. 



LIST OP AGENTS AND SUB-AGENTS 



AUTHORIZED AT DATE OF PUBLICATION OF THIS REPORT. 





[Agents marked *.] 






xETNA, Hartford, Comr. 




*Dwight Chester, 


Boston. 


P. C. Headley, . 


Boston. 


Ivory S. Cornish, 


New Bedford. 


T. R. Vestal, 


Fall River. 


S. C. Willis, 


N. Oxford. 


G. P. Daniels, . 


Salem. 


J. A. Rolfe, 


Boston. 






CONNECTICUT GENE] 


EtAL, Hartford, Coxn 


'. 


*H. S. Bacon, . 


Milford. 


*A. D. Haynes, . 


Lawrence. 


*B. G. Field, 


Worcester. 


* James M. Cushman, 


Taunton. 


* Alfred Laws, . 


Brockton. 


*Ed\vin Ray, 


Boston. 


CONNECTICUT MUTT 


JAL, Hartford, Cox>' 


. 


*Edwin Ray, 


Boston. 


Thomas F. Dodge, . 


Springfield. 


Albert P. Sawyer, 


Newbury port. 


M. M. Coney, 


Springfield. 


William Lincoln, 


Warren. 


*Elisha Risley, ■ 


Springfield. 


J. C. Chaffee, . 


Lee. 


S. B. Fay, . 


Fall River. 


John S. Roraback, . 


Boston. 


D. R. Wallace, . 


Lowell. 


Wm, A. Smith, . 


Worcester. 


George S. Eddy, 


Greenfield. 


Walter W. Hodges, . 


Boston. 


John C. Parker, 


Pittsfield. 


V. W. Crowsen, . 


Westfield. 


N. W. Preston, . 


E. Douglas. 


S. A. Stacey & Son, . 


Gloucester. 


H. H. Wellington, . 


Adams. 


J. C. Hammond, 


Taunton. 


Oliver Walker, . 


Northampton 


F. W. Wheeler, . 


Worcester. 


Daniel W. Kilburn, . 


Boston. 


H. W. Billings, . 


Conway. 


Samuel Whittier, 


Leominster. 


William S. Danforth, 


Plymouth. 


Seth Pooler, 


Fall River. 


James M. Cutler, 


Arlington. 







CONTINENTAL, Hartford, Cows. 

■W. S. Chamberlain, Boston. I *John M. Turner, . Northampton. 

*Thomas C. Bidwell, Springfield. ' E. R. Fowler, . . Boston. 



EQUITABLE, New York. 



*Henry T. Blodgett, 
H T. Blodgett, jun., 
C. J. Underwood, 
W. D. Thayer, . 
W. E. Burgess, . 



Boston. 
Boston. 
Boston. 
Boston. 
Boston. 



James Hurd, 
*W. A. S. Smythe. 
A. C. Palmer, 
*M. R. Dowlin, 
*John Iff. Turner, 



Lowell. 
Worcester. 
Boston. 
North Adams. 
Northampton. 



*F. Krause, 



GERMANIA, New York. 
Boston. | Ernest L. Bartholmes, Springfield. 



AGENTS AND SUB-AGENTS. 



155 



GLOBE MUTUAL, New York. 
*J. H. Nolan, Boston. 



HARTFORD LIFE AND ANNUITY, Hartford, Conn. 



*E. Fletcher, . . Boston. 
Nathaniel Haley, . Boston. 
Jas. H. Greenwood, . Gardner. 



J. W. Woodruff, 
E. W. Brigham, 



Auburndale. 
Waltham. 



HARTFORD STEAM-BOILER, Hartford, Conn. 



*W. S. Chamberlain, Boston. 
*Wm. F. Johnson, . Lynn. 
*Lockey & Dennis, . Fitchburg. 



*David C. Freeman, Hartford, Ct. 
*John L. Smith, . Pro v., R.I. 

*Chace & Shaw, . Fall River. 



HOME, New York. 



*James M. Burgess, 



Boston. 



*Henry Hale, 


Boston. 


J. B. Hanners, . 


Walpole. 


KNICE 

*Byron P. Myers, 


:erbocke 

Adams. 


*Bachellor & Parsons, 


Lynn. 


*D. Evelyn &Gillard, 


Lowell. 


A. H. Stocker, . 


Pittsfield. 


E. R. Reed, jun., 


Attleboro' 


H. H. Whitney, . 


Natick. 



HOMOEOPATHIC MUTUAL, New York. 

i Hollis K. Bennett, . Fitchburg. 
I *Charles G. Stevens, Clinton. 



*Mellen & Stafford, . 
*H. N. Baker & Co., 
*Peck & Peirce, . 
Adams & Stone, 
Parks & Gaylord, 



Fall River. 

Boston. 

Northampton. 

Beverly. 

Westfield. 



KNICKERBOCKER LIFE, New York. 
*Francis A. Howard, Boston. | ^Wallace D. Williams, Boston. 



*J. Mason Everett, 
Arthur H. Jones, 
H. Van Campen, 
C. W. Holden, . 



MANHATTAN, New York. 



Boston. 
North Adams. 
New Bedford. 
Boston. 



Augustine Burt, 
Henry B. Peirce, 
E. M. Bickford, . 



Springfield. 

Abington. 

Sherborn. 



*W. D.Arnold, . 
*Alvah Harvey, 



METROPOLITAN LIFE, New York. 

. Rockland. I *Marcus Kallman, 

. North Adams. 



Boston. 



METROPOLITAN PLATE-GLASS, New York. 

*Jacob Bean, . . Boston. I *Judd & Gray, . . Springfield. 

*A. H. Stocker, . . Pittsfield. ' 



*Amos D. Smith, 3d, 
J. B. Bonnell, . 
William R. Gordon, . 
William P. Hood, . 
Lawrence Grinnell, . 
N. B. Perkins, . 
R. B. Robinson, . 
Frank E. Manley, 
Franklin Whipple, . 



MUTUAL, 

Boston. 

Worcester. 

Beverly. 

Somerset. 

New Bedford. 

Salem. 

Westfield. 

Lowell. 

Worcester. 



New York. 

James Oliver, . 
Gilford Morse, . 
Charles Hovey, 
F. L. Gilman, . 
R. W. Grinnell, 
W. S. Chamberlain, 
J. C. McKelvey, 
Henry Hale, 
A. S. Briggs, . 



Lynn. 
Springfield. 
Lowell. ' 
New Bedford. 
New Bedford. 
Boston. 
Fall River. 
Boston. 
Taunton. 



156 



AGENTS AND SUB-AGENTS. 



MUTUAL, New York — Concluded. 



A. D. Miner, 

S. D. Howland, . 
"William S. Greene, 
J. A. Remington, 
J. B. Anthony, . 
James M. Cotton, 

B. D. Chase, 
Susan A. Harriman, 
Samuel D. Green, 



North Adams. 
Fall River. 
Fall River. 
Fall River. 
Boston. 
Fall River. 
Boston. 
Boston. 
Chelsea. 



J. W. Allen, 

M. N. Wheelwright, 

Reuhen Niekerson, 
Charles G. Stevens, 
Charles W. Tarhell, 
Peter A. Tancred, 
J. A. Lyman, 
Edm. G. Kendrick, 



Ma] ile wood. 
Newton. 

Orle; 
Clinton. 
>n. 
ton. 

South Hadley. 
Springfield. 



MUTUAL BENEFIT, Newark, N.J. 



*J. B. Niver, . . Boston. 

John S. Winn, . . Boston. 

Edward A. Thomas, . Amherst. 

George W. Allen, . Amherst. 

Joshua Merrill, . . Lowell. 

Silsbee & Pickford, . Lynn. 



Yv r . H. S. Jordan & Son, Boston. 
James H. McFarland, Boston. 
John T.Hall, . . Plymouth. 
J. S. Tileston, . . Hyde Park. 
Benjamin W. Russell, Salem. 
George F. Mellen, . Fall River. 



*James T. Phelps, 
*E. S. Merrill, . 



NATIONAL, Moxtpelier, Yt. 



Boston. 
Winchendon. 



*S. A. Childs, . 
♦Charles D. Tucker, 



Fitchhurg. 
Worcester. 



NATIONAL OF THE U. S. A., Washington, D.C. 



*L. M. Miller, 
F. A. Harlow, 
Amos Andrews, 
Milo Stowell, 
E. R. Fowler, 



Boston. 

Middleboro'. 

Holyoke. 

Hinsdale. 

Boston. 



William Barnes, 
Thomas C. Kennedy, 
H. W. Bush, . * . 
C. D. Tucker, . 



Marlborough. 
Boston. 
W. Brooktield. 
Worcester. 



NEW YORK, New York. 



♦Stocking & Austin, 
Fred. W. Masters, . 
*Jarvis Rockwell, 
B. Frank Brown, 
D. W. Russell, . 



Boston. 
Boston. 
North Adams. 
Boston. 
Boston. 



*John L. Graves, 
*James Melanefy, 
Alden B. Morse, 
Jeremiah Kelly, 
J. F. Anderson, . 



Springfield. 
Worce-ter. 
Merrimac. 
Fall River. 
Boston. 



NORTH-WESTERN MUTUAL, Milwaukee, Wis. 



*E. J. Smith, 
John Pry or, 



Boston. 
Boston. 



*L. H. Whitney, 
♦Edward F. Dunn, 



Cambridge. 
Lowell- 



PENN MUTUAL, Philadelphia, Pexn. 
*Barnard Bros., Boston. 



PHCENIX MUTUAL, Hartford, Conn. 



*L. W. Burnham, 
Frank W. Wheeler, 
George D. Dutton, 



Boston. 

Worcester. 

Pittsrield. 



John K. Norwood, 
*J. M. Stevenson, 
G. B. Bufhngton, 



Lawrence. 
Pittstield. 
Fall River. 



AGENTS AND SUB-AGENTS. 



157 



PROVIDENT LIFE AND TRUST, Philadelphia, Penn. 
*Gilbert C. Hoag, . Boston. | George G. Newhall, . Boston. 



PROVIDENT SAVINGS LIFE ASSURANCE SOCIETY, New York. 
*Stephen P. Wardwell, Boston. 



RAILWAY PASSENGERS', Hartford, Conn. 



*Hatch & Woodman, 
C. H. Atwood, . 
George Angier, . 

B. Smith, . 
T. E. Bond, 

C. A. Faxon, 
Foss & Hall, 
James Mills, 
Edwin Mercer, . 
L. H. Palmer, . 
Walter Clapp, jun., . 
James S. Smith, . 
Stearns Bros., . 

A. P. Jones, 
George M. Roberts, . 
W. M. Loring, . 
H. G. Foulkes, . 
James A. Farley, 
F. H. Smith, 
Robert Rand, 
Charles E. Fish, 
Aug. Coolidge, . 
Albert Hyde, 
Charles B. Dennis, . 

F. A. Judd, 

E. J. Crossman, 
A. A. Davis, 
Walter Raymond, 
A. A. Smith, 

R. B. Robinson, 
Daniel F. Viles, . 
H. S. Harris, 

A. Van Deusen, . 
H. A. Bowen, 

B. A. Hathaway, 
John T. Hall, 

G. S. Brooks, . 
Hatch & Co., 

H. Van Campen, 

F. L. Gilman, . 
John K. Norwood, . 
Daniel Hooke, . 

J. C. Hiltz, . 
J. Sprague, jun., 
B. F. Kendrick, . 
B. F. Patrick, . 
A. C. Kendall, . 
Frank H. Smith, 
E. P. Sargent, . 



Boston. 

Boston. 

Boston. 

Boston. 

Boston. 

Boston. 

Boston. 

Boston. 

Boston. 

Boston. 

Boston. 

Boston. 

Boston. 

Boston. 

Boston. 

Boston. 

Boston. 

Boston. 

Boston. 

Boston. 

Palmer. 

Worcester. 

Pittsfield. 

Fitchburg. 

Springfield. 

Lowell. 

Lynn. 

Boston. 

Boston. 

Westfield. 

Waltham. 

Taunton. 

Stock bridge. 

Shelburne Falls 

Plj-mouth. 

Plymouth. 

Orange. 

New Bedford. 

New Bedford. 

New Bedford. 

Lawrence. 

Haverhill. 

Boston. 

Boston. 

Boston. 

Boston. 

Boston. 

Boston. 

Lowell. 



W. E. Potter & Co., . 
A. L. Sessions, . 
Albert D. Swan, 
J. W. Gay, jun., 
G. A. Millay, . 
J. F. Crowell, . 
W. A. Edwards, 
J. W. Richardson, . 
Henry Hale, 
Henry A. Brown, 
H. C. Church, . 
C. M. Ruggles, . 
J. Barnard, 
R. C. Clark, 
H. G. Gilmore, . 
Ladd Bros., 
Enoch H. Beer, . 
E. B. Sears, 
Charles H. Davis, 
William Barnes, 
A. C. Munroe, . 
Andrew S. Briggs, 
M. M. Howard, . 
W. H. Mansfield, 
W.W.Kidder, . 
A. K. Slade, jun., 
M. E. Hervey, . 
J. W. Fairbanks, 
James T. Phelps, 
J. E. Wood, 
William F. Johnson, 
A. T. Caswell, . 

E. L. Cogswell, . 
W. W. Ward, . 
J. H. Daniels, . 
S. D. Howland, . 
Edward E. Belding, . 
Hunt Bros., 

W. S. Rodisnon, 
Lewis J. Powers, 
H. S. Keeler, . 
Harry B. Adams, 
Smith & Greenwood, 
Weston & Fogg, 
John Hunnewell, 
Morse & Fuller, . 

F. D. Heywood, 
Oscar F. Rawson, 



Lowell. 

Northampton. 

Lawrence. 

Winchendon. 

Southbridge. 

Worcester. 

Boston. 

Boston. 

Boston. 

Salem. 

Lowell. 

Worcester. 

Worcester. 

Sandwich. 

Springfield. 

Springfield. 

North Adams. 

Amherst. 

Lawrence. 

Marlborough. 

Worcester. 

Taunton. 

Greenfield. 

G. Barrington. 

Brockton. 

Fall River. 

Boston. 

Westborough. 

Boston. 

Winchendon. 

Lynn. 

Lowell. 

Lee. 

Holyoke. 

Fitchburg. 

Fall River. 

Chicopee. 

Athol. 

Northampton. 

Springfield. 

Boston. 

Boston. 

Boston. 

Danvers. 

E. Somerville. 

Florence. 

Springfield. 

Worcester. 



158 



AGENTS AND SUB-AGEXTS. 



TRAVELERS', Hartford, Conn. 



*Hatch & Woodman, 
H. C. Church, . 
Vm, Lincoln & Co., . 
R. B. Robinson, . 
J. C. Hammond, 
C. C. Judd, . 

E. V. B. Holcomb, . 
Morse & Puller, . 
Henry B. Peirce, 
Benjamin F. Brown, . 
Charles Adams, . 
Hunt Bros., 

Porter Underwood, . 
H. Van Campen, 
Franklin Whipple, . 
"Waldo Johnson, 
Edwin Mercer, . 
James O. Parker, 
H. M. Puffer, . 
J. H. Stannard, . 
R. D. Chase, 

F. L. Gilman, 
Samuel E. Howe, 
John M. Turner, 
Daniel S. Whitney, . 
S. D. Howland, . 
Chapin & Williams, . 
E. F. Adams, 

Asa P. Rand, 

W. H. P. Gilmore, . 



Boston. 

Lowell. 

Warren. 

Westfield. 

Taunton. 

Holyoke. 

Chicopee Falls. 

Florence. 

Abington. 

Boston. 

Amherst. 

Athol. 

Holyoke. 

New Bedford. 

Worcester. 

Webster. 

Boston. 

Methuen. 

Shelburne Falls 

Lawrence. 

Orange. 

New Bedford. 

Pittsfield. 

Northampton. 

Southborongh. 

Fall River. 

Greenfield. 

Haverhill. 

Westfield. 

Turner's Falls. 



Leander Holbrook, . 
Samuel Porter, . 
H. G. Gilmore, . 
H. P. Howard, . 
G. A. Millay, . 
George Otis, 
C. G. Stevens & Son, . 
Geo. E. Underwood,. 
N. S. Kimball, . 
Andrew S. Briggs, 
Thomas C. Collins, . 
Daggett & Richardson, 
Royal E. Farwell, . 
Augustus Coolitlge, . 
Charles B. Dennis, . 
John Edwards, . 
H. L. Follansbee, 
Silsbee & Pickford, . 
Oliver Walker, . 
William Barnes, 
Henry A. Brown, 
E. M. Phillips, . 
Piper .it Sawyer, 
J. T. Tarr & Co., 
R. G. Walden, . . . 
H. W. Bush, 
W. W. Kidder, . 
Stevenson & Dutton, 
Samuel H. Hellyar, . 



Milford. 

Beverly. 

Springfield. 

Fall River. 

Sonthbrid 

Yarmouthp'rt. 

Clinton. 

Aver. 

Haverhill. 

Taunton. 

Middleboro'. 

Attleborough. 

Natick. 

Worcester. 

Fitchburg. 

La wren 

Gloucester. 

Lynn. 

Northampton. 

Marlborough. 

Salem. 

Southbridge. 

Newburyport. 

Rockport. 

N. Adams. 

W. Brookfield. 

Brockton. 

Pittsfield. 

Palmar. 



UNION MUTUAL, Augusta, Me. 



*John E. DeWitt, . Boston. 
James L. Johnson, . Springfield. 
George N. Carpenter, Boston. 



J. M. Shepherd, jun., 

& Co., 
C. H. Peirce, 



Fall River. 
Northampton. 



*Wm. H. Guild, 
L. G. Pitman, 
J. W. Briggs, . 
G. E. Holloway, 



UNITED-STATES LIFE, New York. 



Boston. 
Marblehead. 
Boston. 
Boston. 



♦George B. Perry, 
George Hamer, . 
B. S. Calef,. 



N. Adams. 
N. Adams. 
Boston. 



UNITED-STATES PLATE-GLASS, Philadelphia, Fran. 
*Roswell S. Barrows, Boston. ■* John Q. Hill, . . Wow 

•William S. Greene, Fall River. | *C. C. Judd, . . Holyoke. 



*C. W. Carter, 
A. W. Haynes, 



VERMONT, Burlington, Yt. 

Boston. I Bailey Sargent, . . Merrimac. 

Clinton. I Charles D. Tucker, . Worcester. 



WASHINGTON. New York. 

^Charles W. Holden, Boston. *Reed & Brother, . Boston 

*R. H.Salter, . . Boston. A. D. Smith, 3d, . Boston 



INDEX TO COMPANIES. 



[For Index to General Topics and Tables, see Table of Contents prefacing the Commis- 
sioner's Report.] 



Page. 
iEtna Life, Hartford, Conn., 28 



Berkshire Life, Pittsfield, Mass., 2 

Charter-Oak Life, Hartford, Conn., v 

Connecticut General Life, Hartford, Conn., 35 

Connecticut Mutual Life, Hartford, Conn., 39 

Continental Life, Hartford, Conn., ; . . 43 

Equitable Life, New York, N.Y., 49 

Germania Life, New York, N.Y 52 

Globe Mutual Life, New York, N.Y., v 

Hartford Life and Annuity, Hartford, Conn., 56 

Home Life, Brooklyn, N.Y. , 59 

Homoeopathic Mutual Life, New York, N.Y., 63 

John Hancock Mutual Life, Boston, Mass., 6 

Knickerbocker Life, New York, N.Y., v 

Manhattan Life, New York, N.Y. , 66 

Massachusetts Hospital Life, Boston, Mass., 10 

Massachusetts Mutual Life, Springfield, Mass., 11 

Metropolitan Life, New York, N.Y., . 71 

Mutual Life, New York, NY., 74 

Mutual Benefit Life, Newark, N.J. , 78 

National Life, Montpelier, Vt., 81 

National Life, "Washington, D.C., 85 

New-England Mutual Life, Boston, Mass., 16 

New- York Life, New York, N.Y., 90 

Northwestern Mutual Life, Milwaukee, Wis., 94 



160 INDEX TO COMPANIES. 

Page. 

Penn Mutual Life, Philadelphia, Penn., 

Phoenix Mutual Life, Hartford, Conn., 102 

Provident Life and Trust, Philadelphia, Penn., 100 

Provident Savings, New York, N.Y., 109 

Railway Passengers', Hartford, Conn., 132 

State Mutual Life, Worcester, Mass., 21 

Travelers', Hartford, Conn. (Life Department), 112 

Travelers', Hartford, Conn. (Accident Department), 134 

Union Mutual Life, Augusta, Me., 116 

United-States Life, New York, N.Y., 120 

Vermont Life, Burlington, Vt., 124 

Washington Life, New York, N.Y., 127